Reduction in IVS contributions payable by employees
- Studio Piceci
- April 7, 2022
- Reading time: 4 min
Update: May 31, 2022
News . 17/2022
Subject: Art. 1, paragraph 121 of the 2022 Budget Law: Exemption of 0.8 percentage points on the portion of IVS social security contributions payable by employees
The 2022 Budget Law (Article 1, paragraph 121 of Law No. 234/2022) has provided, exceptionally, for the pay periods from January 1, 2022, to December 31, 2022, a reduction in contributions equal to 0.8% of the IVS rate payable by employees of public and private employers (regardless of their status as entrepreneurs).
The INPS, with News . 43 of March 22, 2022, has provided initial regulatory guidelines to enable the application of the reduction in question.
The contribution reduction discussed here will be applicable starting from the March 2022 payroll (the month of publication of this circular) and will be applicable, provided all the conditions are met, both to workers already employed and to workers who will be hired during 2022.