Increased deductibility of labor costs for new hires
- giorgiafrisenda
- Jul 3, 2024
- Reading time: 6 min
News n.23/2024
Holders of business income and self-employed professionals may 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 under an indefinite-term employment contract, as well as an additional deduction for new hires of employees, under an indefinite-term employment contract, who fall into 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 related to the first module of personal income tax reform and other measures concerning income taxes.
The entities eligible to benefit from the increase are:
- Business income earners, namely:
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