Tax Measures Planned for Corporate Welfare in the 2022 Tax Year – Clarifications
- November 7, 2022
- Reading time: 4 min
News . 46/2022
In Circular No. 35/E, the Italian Revenue Agency provided clarification regarding the tax measures for corporate welfare programs set forth in Decree-Law No. 115 of August 9, 2022 (the so-called “Aiuti-bis” Decree).
Please note that this Decree provides that, for the 2022 tax year only, the value of goods provided and services rendered to the employee, as well as amounts paid or reimbursed to the employee by the employer for the payment of household utility bills for water, electricity, and natural gas, shall not be included in the calculation of taxable income for personal income tax purposes, up to a total limit of 600 euros, thereby derogating, solely for the year 2022, from the limit of 258.23 euros provided for in Article 51, paragraph 3, of the TUIR.
Scope of application
The workers eligible under this provision are those who receive income from employment and income treated as employment income, for whom income is determined in accordance with the provisions of Article 51 of the TUIR.
The Italian Revenue Agency considers that fringe benefits in question may also be paid by the employer on an individual basis.
Scope
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