Among the very first innovations of the tax reform a was put in place maxi bonus for 2024 hiring.
With almost 5 months delay, the implementing decree which defines in detail the operating rules to benefit from deduction of up to 130 percent for new staff hired. The so-called formula takes shape the more you hire, the less you pay.
From the subjects who can access the relief to increase coefficientsthe text sets out the instructions to follow and confirms thefurther increase of 10 percent in case of permanent contracts with people who fall into disadvantaged categories, such as women or young people with particular requirements.
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Maxi bonus for subsidized hiring 2024: the decree on the deduction of up to 130 percent
“We are proceeding with an inter-ministerial decree signed by Minister Giorgetti and Minister Calderone to establish the rules for the application of this discipline with obviously retroactive effect. from January 1, 2024”he announced the Deputy Minister of Economy and Finance Maurizio Leo last April 30th on the occasion of theapproval of the Cohesion Decree.
But to approve the text that regulates the maxi bonus for hiring 2024 it still took two months, despite the deadline January 30th set by legislative decree number 216 of 2023 who introduced the measure.
Article 4 of the provision provided for holders of business income and practitioners of arts and professions for the tax period following the one in progress on 31 December 2023 a IRPEF and IRES super deduction of the personnel costs of new hires with permanent contracts equal to 120 percentwhich reaches the 130 percent for employment relationships activated with people in disadvantaged conditionsIn summary:
- very disadvantaged workers;
- people with disabilities or who fall into disadvantaged categories;
- young people admitted to youth employment incentives;
- women of any age with at least two minor children or without regularly paid employment for at least six months residing in certain territories;
- women victims of violence;
- workers with a workplace located in regions that in 2018 had a gross domestic product per capita lower than 75 percent of the EU27 average or in any case between 75 percent and 90 percent, and an employment rate lower than the average national;
- former recipients of citizenship income without the requirements for access to the inclusion allowance.
The implementing measure was awaited precisely to have confirmation of the increase coefficients and to know the operating instructions.
Maxi bonus for subsidized hiring 2024: how the deduction is calculated
The provision establishes the rules to be followed to determine the scope of the maxi relief.
“The cost to be hired is equal to the lesser amount between that actually attributable to newly hired staff with permanent employment contracts, resulting from the income statement (…) and the increase in the overall cost of personnel, classifiable in the same items, compared to that relating to the current financial year as of 31 December 2023″.
Calculated on the basis of these rules and following the detailed instructions provided for in Article 5 of the implementing decree, the staff Price it must be increased by 20 percent for deduction purposes, a further increase of 10 percent is expected, then, in the case of new hires that fall within the disadvantaged categories mentioned above.
The discount also applies to conversions of fixed-term contracts to permanent contracts.
Who is entitled to the maxi bonus for 2024 hiring? The instructions in the implementing decree
The maxi bonus for 2024 hiring belongs to the following categories of subjects:
- society by shares and limited partnerships by shares, limited liability companies, cooperative companies and mutual insurance companies, European companies and European cooperative companies resident in the territory of the State;
- public and private bodies other than companies, trusts, resident in the territory of the State, which have as their exclusive or principal object the exercise of commercial activities;
- public and private bodies other than companies, trusts which do not have as their exclusive or main object the exercise of commercial activities, collective savings investment organisations, resident in the territory of the State;
- companies and entities of all kinds, including trustwith or without legal personality, not resident in the territory of the State;
- individual businessespartnerships and equivalent pursuant to article 5 of the aforementioned TUIR holders of business income;
- practitioners of arts and professionseven in associated form, which determine the income from self-employment pursuant to article 54 of the aforementioned TUIR.
In the first three cases, the text specifies, the benefits are also accessible for the relatives stable organizations present in Italy.
The super deduction is not available to new activities and at companies in ordinary liquidation or subject to judicial liquidation and other liquidation institutions relating to business crises.
L’increase in employment and the necessary condition in order to increase the staff Price: the benefit is available “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”.
Article 4 of the decree establishes in detail all the instructions to be followed to correctly carry out the staff calculation and evaluate theactual increase.
As in all other aspects, the text fixes a series of fixed points after several months of waiting: the measure was approved at the end of 2023 on the occasion of the inauguration of the tax reform work.
The rules written down in black and white confirm the complexity of the facilitationbut having all the elements available is already a first and important step towards understanding how the can be applied maxi bonus for 2024 hiring.
- Ministry of Economy and Finance – Decree of 25 June 2024
- Increase in labor costs allowed as a deduction for new hires
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