The 2025 Budget Law – Tax Measures for Workers and Businesses

News . 1/2025

On January 1, 2025, Law No. 207 of December 30, 2024, came into effect, containing provisions on the “State Budget for the 2025 fiscal year and the multi-year budget for the 2025–2027 period.”

The law, consisting of a single article and 908 paragraphs, outlines important measures for workers and businesses; this News article summarizes the main tax-related provisions.

Table of Contents

1) Stabilization of income brackets and IRPEF rates, and the new tax wedge (Art. 1, paragraphs 2–9) pp. 2–3

2) The new tax deduction mechanism (Art. 1, paras. 10–11), pp. 3–4

3) Changes to the flat-rate scheme (Art. 1, para. 13) p. 4

4) Changes regarding company cars (Art. 1, para. 48) p. 4

5) Traceability of travel and entertainment expenses (Art. 1, paras. 81–86) p. 5

6) Tax exemption for tips (Art. 1, para. 520), p. 5

7) Tax relief for overtime and night work (Art. 1, paras. 396–398) p. 5

8) Additional IRPEF updates (Art. 1, paras. 726–729; 750–752) p. 6

9) Productivity bonuses and profit-sharing (Art. 1, para. 385) p. 6

10) Fringe benefits for new hires (Art. 1, paras. 386–389) p. 6

11) Fringe benefits (Art. 1, paras. 390–391) pp. 6–7

12) Tax incentives for new hires (Art. 1, paras. 399–400) p. 7

13) Incentive-based IRES (Art. 1, paras. 436–444) pp. 7–8

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