New tax code to be used in F24
- Studio Piceci
- February 3, 2025
- Reading time: 2 min
News Flash No. 6/2025
On January 31, the Italian Revenue Agency, with Resolution No. 9/E, announced the tax codes to be used for offsetting by withholding agents, through forms F24 and F24 "Public Entities," of the credit accrued as a result of the payment to employees of the sum referred to in Article 1, paragraph 4, of Law No. 207 of December 30, 2024 (Budget Law 2025).
Let us recall the provisions of Article 1, paragraph 4, of Law No. 207 of December 30, 2024:
“For holders of employment income referred to in Article 49 of the Consolidated Income Tax Law, referred to in Presidential Decree No. 917 of December 22, 1986, with the exception of those indicated in letter a) of paragraph 2 of the same Article 49 (therefore excluding pensions of any kind and allowances equivalent to them; as well as the sums referred to in Article 429, last paragraph, of the Code of Civil Procedure (i.e., employment credits ordered by the judge following a conviction), who have a total income not exceeding €20,000 are entitled to a sum, which does not contribute to the formation of income, determined by applying to the taxpayer's employment income the taxpayer's employment income the percentage indicated below: