Reduction in IVS Contributions Paid by Employees
Updated: May 31, 2022
News No. 17/2022
Subject: Article 1, paragraph 121 of the 2022 Budget Law: 0.8 percentage point reduction in the portion of IVS social security contributions payable by employees
The 2022 Budget Law (Art. 1, paragraph 121 of Law No. 234/2022) provided, on an exceptional basis, for pay periods from January 1, 2022, to December 31, 2022,, a reduction in social security contributions equal to 0.8% of the IVS rate paid by employees of public and private employers (regardless of the employer’s status as a business owner).
The INPS, in News No. 43 of March 22, 2022, provided initial regulatory guidelines to enable the application of the reduction in question.
The contribution reduction discussed here will take effect starting with the March 2022 pay period (the month in which this circular was published) and will apply—provided all the required conditions are met—to both current employees and those hired during 2022.
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