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A 120% super bonus for companies and professionals who hire on a permanent basis. A maxi discount on labor costs that can reach 130% if the new hires fall into the so-called fragile categories.
The implementing decree has been published
The implementing decree signed by the Minister of Economy was published on the Finance website Giancarlo Giorgetti in concert with that of Labor and social policies Marina Calderone . The provision makes operational the maximum tax deduction envisaged by the Irpef reform at the beginning of the year (Legislative Decree 30 December 2023, n. 216) which provides for holders of business income and practitioners of arts and professions, for the tax period following the one in progress on 31 December 2023, for the purposes of determining income, the increase in the cost of newly hired personnel with a permanent employment contract as well as a further deduction in the presence of new hires of employees, with a permanent employment contract, falling within the categories of workers deserving of greater protection.
The measure
What can be defined as a “120% super bonus” is a tax relief that is introduced by the decree just issued by the Minister of Economy and Finance in concert with the Minister of Labor and Social Policies, which contains the methods for implementing the article 4 of the legislative decree 30 December 2023, n. 216, or the Irpef reform. The increase in labor costs, we read in the decree published on the Mef website, “is applicable for the hiring of permanent employees, with contracts in place at the end of the tax period following the one in progress on 31 December 2023, if the number of permanent employees at the end of the tax period following the one in progress on 31 December 2023 is greater than the number of permanent employees employed on average in the previous tax period”. In essence, the number of employees hired on a permanent basis must increase year on year to trigger the increase. The cost of the personnel to be hired for the purposes of the benefit, the text continues, “is increased, for the purposes of determining income, by an amount equal to 20 percent”. The same cost “is increased by a further 10 percent in relation to the new permanent hiring of employees included in each of the categories deserving greater protection”.
