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 force, containing provisions on the "State budget for the 2025 financial year and multi-year budget for the three-year period 2025-2027."

The law, consisting of a single article and 908 paragraphs, highlights important measures for workers and businesses, the main tax-related ones of which are summarized in this News item.

Index

1) Stabilization of income brackets and personal income tax rates and new tax wedge (Article 1, paragraphs 2 to 9) pp. 2-3

2) The new tax deduction mechanism (Article 1, paragraphs 10-11) pp. 3-4

3) New developments for the flat-rate scheme (Article 1, paragraph 13) page 4

4) New developments for company cars (Article 1, paragraph 48) page 4

5) Traceability of travel and entertainment expenses (Article 1, paragraphs 81-86) page 5

6) Tax exemption for tips (Article 1, paragraph 520) page 5

7) Tax exemption for overtime and night work (Article 1, paragraphs 396-398) page 5

8) Additional IRPEF updates (Article 1, paragraphs 726-729; 750-752) page 6

9) Productivity bonuses and profit sharing (Art. 1, paragraph 385) page 6

10) Fringe benefits for new hires (Art. 1, paragraphs 386-389) page 6

11) Fringe benefits (Art. 1, paragraphs 390-391) pp. 6-7

12) Tax incentives for new hires (Article 1, paragraphs 399-400) page 7

13) IRES bonus (Article 1, paragraphs 436-444) pages 7-8

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