MILAN – Lower taxes for companies that hire workers a indefinite period. The implementing decree of the Ministry of Economy has been published, in agreement with the Ministry of Labour, which sets the new maxi deduction of costs for those who hire stable workers at 120%. In particular, the law provides for this year an increase (equal to 120%) in the cost of labor admitted as a deduction in the event of an increase in the number of employees with permanent contracts. Threshold which can rise to 130% if workers deserving of greater protection are hired, including people with disabilities, women with at least 2 children, young people eligible for employment incentives.
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The decree contains the methods of implementation of article 4 of the legislative decree on Irpef (30 December 2023, n. 216), which “provides for holders of business income and practitioners of arts and professions, for the period of tax subsequent to the one in progress on 31 December 2023, for the purposes of determining income, the increase in the cost of newly hired personnel with permanent employment contracts as well as a further deduction in the presence of new hires of employees, with employment contracts permanent employment, falling within the categories of workers deserving of greater protection”.
The cost of personnel to be hired for the purposes of the benefit “is increased, for the purposes of determining income, by an amount equal to 20%”. The cost is “increased by a further 10 percent” for new permanent hires of “employees included in each of the categories deserving of greater protection”.
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The increase in labor costs is due 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”. That is, if there is an increase in employment.
Companies in ordinary liquidation as well as companies subject to judicial liquidation or other liquidation institutions relating to the company crisis are excluded from the relief, starting from the beginning of the procedure.
