New tax code to be used on the F24 form

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 the F24 and F24 “Public Entities,” of 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 employees referred to in Article 49 of the Consolidated Income Tax Law, as set forth in Presidential Decree No. 917 of December 22, 1986, excluding those indicated in subparagraph (a) of paragraph 2 of the same Article 49 (thus excluding pensions of any kind and allowances treated as such; as well as the sums referred to in Article 429, last paragraph, of the Code of Civil Procedure (namely, labor claims ordered by the court following a judgment of conviction), whose total income does not exceed 20,000 euros, a sum is granted, which does not count toward taxable income, determined by applying to the taxpayer’s the taxpayer’s employment income the corresponding percentage indicated below:

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