Increase in labor costs allowed as a deduction in the case of new hires
- giorgiafrisenda
- July 3, 2024
- Reading time: 6 min
News . 23/2024
Business owners and professionals can benefit, for the tax period following that in progress on December 31, 2023, an increase in the cost of newly hired personnel with permanent employment contracts, as well as an additional deduction for new hires with permanent employment contracts who fall into the categories of workers deserving of greater protection.
This is what emerges from the Interministerial Decree of June 25, 2024, signed by the Minister of Economy and Finance Giancarlo Giorgetti and the Minister of Labor and Social Policies Marina Elvira Calderone.
This Decree implements the provisions of Article 4 of Legislative Decree No. 216 of December 30, 2023, containing provisions relating to the first module of personal income tax reform and other measures concerning income tax.
The following individuals are eligible for the increase:
- Holders of business income, namely: