Increase in the Amount of Labor Costs Eligible for Deduction When New Employees Are Hired
News No. 23/2024
Business owners and self-employed professionals may take advantage, for the tax year following the one in progress as of December 31, 2023, an increase in the personnel costs for new hires under permanent employment contracts, as well as an additional deduction for new hires under permanent employment contracts who fall into categories of workers deserving of greater protection.
This is what emerges from the Interministerial Decree of June 25, 2024, signed by Minister of Economy and Finance Giancarlo Giorgetti and 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, which sets forth provisions regarding the first phase of the reform of personal income taxes and other measures relating to income taxes.
The individuals eligible for the increase are:
- Business owners, namely:
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