New for 2022: additional deduction of € 65

News Flash n.13/2022

Subject: News from 2022: further deduction from gross tax for recipients of income in the range between 25,001 euros and 35,000 euros

The Budget Law for 2022 has, among other things, amended Article 13 of the Consolidated Income Tax Act, concerning the calculation of gross tax deductions, which are established differently based on the type of income that flows into the total income.

For the type of income from employment and similar, if the total income is higher than Euro 25,000 but not higher than Euro 35,000, the deduction is increased by an amount equal to Euro 65.00.

This amount should be understood as a corrective increase to the previously re-proportioned deductions and must be paid, in the presence of the aforementioned income requirements, in full during the year 2022, as a one-off payment, without making any adjustments to the period of work in the year.

It follows that the withholding agent must recognize the additional deduction of 65 euros from the first useful pay period of 2022, it being understood that at the end of the year, or at the time of termination of the employment relationship, it must recalculate the deduction actually due in relation to the amount of remuneration paid overall in the tax period.

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