The 2025 Budget Law – Tax Measures for Workers and Businesses

News No. 1/2025

On January 1, 2025, Law No. 207 of December 30, 2024, came into effect, containing provisions on the “State Budget for Fiscal Year 2025 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 summarizes the main tax-related provisions.

Table of Contents

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

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

3) Updates to the flat-rate tax system (Art. 1, para. 13), p. 4

4) Updates on 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 Exemptions 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 IRES (Art. 1, paras. 436–444), pp. 7–8

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