INPS Notice No. 3884/2023 – Operational Instructions for the 2023 Social Security Adjustment for Fringe Benefits.

News No. 37/2023

With Message No. 3884/2023 dated October 6, the INPS provided instructions for calculating social security adjustments in cases where fringe benefits and fuel vouchers were provided to employees during 2023, as provided for by Decree-Law No. 48/2023 (converted with amendments by Law No. 85 of July 3, 2023)

It is worth noting that, for the year 2023, the exemption limit for fringe benefits has been increased to 3,000 euros for certain categories of workers (workers with children who are tax dependents). INPS notes that this includes “the exemption from the general rules on this matter applies to amounts paid or reimbursed to employees (in the private and public sectors) “for the payment of household utility bills for integrated water services, electricity, and natural gas.” Furthermore, employers are required to provide advance notice to the unified union representatives, where such representatives exist.” In addition to this last requirement, as you may recall, each employee who is a potential beneficiary is required to submit a declaration.

Please also note that also when determining the 3,000-euro limit, one must take into account the goods or services (as well as any reimbursements or payments made for water, electricity, and gas utilities) provided by any previous employers.

Would you like to learn more?

Sign up at studiopiceci.it to continue reading these exclusive posts.

Sign up now