Tax measures planned for corporate welfare in the 2022 tax year – clarifications
- giorgiafrisenda
- November 7, 2022
- Reading time: 4 min
News . 46/2022
In Circular No. 35/E, the Italian Revenue Agency provided clarifications on the tax measures for corporate welfare provided for in Decree-Law No. 115 of August 9, 2022 (known as the Aiuti-bis Decree).
We remind you that this Decree stipulates that, for the 2022 tax period only, the value of goods sold and services provided to employees, as well as sums paid or reimbursed to them by their employer for the payment of domestic utilities for integrated water services, electricity, and natural gas, shall not contribute to the formation of taxable income for the purposes of personal income tax up to a total limit of €600, derogating, only for the year 2022, from the limit of €258.23 provided for in Article 51, paragraph 3, of the TUIR (Consolidated Law on Income Tax).
Subjective scope
The workers benefiting from this provision are those who receive income from employment and income similar to that from employment, for whom income is determined in accordance with the provisions of Article 51 of the TUIR (Consolidated Law on Income Tax).
The Revenue Agency considers that fringe benefits in question can also be paid by the employer ad personam.
Objective scope