Increase in the cost of labor admitted as a deduction in the presence of new hires
- giorgiafrisenda
- Jul 3, 2024
- Reading time: 6 min
News No. 23/2024
Holders of business income and those engaged in arts and professions can benefit, for the tax period following the one in progress as of December 31, 2023, from an increase in the cost of newly hired personnel with permanent employment contracts, as well as an additional deduction in the presence of new hires of employees with permanent employment contracts, falling into the categories of workers deserving greater protection.
This is according to 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 12/30/2023, containing provisions relating to the first module of reform of income taxes for individuals and other measures regarding income taxes.
The subjects who can benefit from the increase are:
- Holders of business income, namely:
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