New tax code to be used on the F24 form
- February 3, 2025
- Reading time: 2 min
News Flash No. 6/2025
On January 31, the Italian Revenue Agency, in Resolution No. 9/E, announced the tax codes to be used by withholding agents for offsetting purposes via Forms F24 and F24 “Public Entities,” to offset the credit accrued as a result of the payment to employees of the amount referred to in Article 1, paragraph 4, of Law No. 207 of December 30, 2024 (2025 Budget Law).
Let us recall the provisions of Article 1, paragraph 4, of Law No. 207 of December 30, 2024:
“To individuals receiving income from employment as defined in Article 49 of the Consolidated Income Tax Law, pursuant to Presidential Decree No. 917 of December 22, 1986, excluding those specified in subparagraph (a) of paragraph 2 of the same Article 49 (therefore excluding pensions of any kind and benefits treated as such; as well as the amounts referred to in the last paragraph of Article 429 of the Code of Civil Procedure (namely, labor claims ordered by a judge following a judgment), whose total income does not exceed 20,000 euros are granted a sum, which is not counted toward taxable income, determined by applying to the taxpayer’s the taxpayer’s income from employment the corresponding percentage indicated below:
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