IVS contribution reduction for employees
- Studio Piceci
- Apr 8, 2022
- Reading time: 4 min
Update: May 31, 2022
News No. 17/2022
Subject: Art. 1, paragraph 121 of the 2022 Budget Law: Exemption of 0.8 percentage points on the share 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 the pay periods from 01/01/2022 to 31/12/2022, a contribution reduction equal to 0.8% of the IVS rate payable by employees of public and private employers (regardless of their status as entrepreneurs).
INPS, with News No. 43 of March 22, 2022, provided initial regulatory guidance to allow the application of the reduction in question.
The contribution reduction discussed herein will be applicable starting from the accruals for the month of March 2022 (the month this News is published) and will be applicable, if all the required conditions are met, to both workers already employed and workers who will be hired during the year 2022.
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