In recent days there has been constant talk of various measures that the Meloni government brought to the Council of Ministers today but there seems to be some general confusion about which and how many decrees will be approved and, above all, about their content.
So let’s try to clarify.
At the moment there are three decrees of different nature in the field:
- The cohesion decree which contains a package of innovations on the work and business front which has been called first of May;
- The implementation decree of the tax reform on IRPEF and IRES;
- The interministerial decree which will have to implement the new reforms approved at the end of last year on the super deduction linked to hiring.
The first two are the subject of today’s Council of Ministers.
The third will have to arrive from the ministries and was expected on January 30th.
Press conference of the Council of Ministers with the presentation of the Cohesion Decree or May Day Decree:
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Cohesion decree: here are the hypothesized changes while waiting for the official text of the provision
The first provision we talk about is the Cohesion Decreejournalistically named May 1st decree.
The Cohesion Decree should contain the following measures:
- Self-entrepreneurshipor a series of incentives and non-refundable contributions distinguished by geographical area, in particular:
- 30,000 euro voucher intended for businesses, self-employed workers and professionals from Central and Northern Italy for starting businesses individually or collectively. Alongside the vouchers there should be non-repayable contributions equal to 65% of an expense of up to 120,000 euros; contribution which would drop to 60% for expenses over 120,000 euros and up to a maximum of 200,000 euros;
- Rest in the South 2.0 intended for businesses, self-employed workers and professionals from Southern Italy for starting individual and collective activities. In this case the incentives would be guaranteed by vouchers worth 40,000 euros, which would rise to 50,000 euros in the case of digital goods or goods intended for energy saving. Also for aspiring entrepreneurs and professionals from the South there would be non-repayable contributions equal to 75% for expenses up to 120,000 euros and equal to 70% for expenses between 120,000 and 200,000 euros.
- 500 euro monthly bonus for the stable hiring of young people – A contribution deduction of 6,000 euros per year (500 euros per month) should be introduced in the Cohesion Decree for the stable hiring of young people on a permanent contract with total exemption from the payment of INPS contributions within the limit of the above amounts . INAIL premiums would not be included in the benefit.
- Bonus of approximately 600 euros per month for the stable hiring of women – For workers hired between 1 July 2024 and 31 December 2025, a bonus of 666 euros per month could be introduced which would see the exemption of social security contributions (but not INAIL premiums).
- ZES Bonus for the South – A bonus on hiring in Southern Italy could be introduced in the Cohesion Decree. The bonus would be equal to 7,992 euros per year or 666 euros per month.
- Hiring bonus for large companies – Another interesting hypothesis that finds space in the Cohesion Decree is the total exemption from contributions for 30 months intended for large companies in crisis that will hire on a permanent basis between 1 July 2024 and 31 December 2025. The exemption would concern INPS social security contributions but not INAIL contributions.
Decree implementing the tax reform on IRPEF and IRES
The menu of the second government decree which should also be launched in the Council of Ministers today, 30 April, i.e. the decree implementing the tax reform on IRPEF and IRES.
Here the most awaited provision is the so-called thirteenth bonus or Befana bonus.
The measure would consist of a bonus of 80 or 100 euros which would be paid after the Epiphany, which is why this paycheck integration has been journalistically defined as Epiphany bonus.
The recipient would be families with an income from employment not exceeding 28,000 euros and at least one dependent child.
Another important and expected content of the decree implementing the tax reform on IRPEF and IRES would be that on the revision of self-employment and business income.
For professionalsin particular, the wait focuses on two points:
The change to productivity bonuses appears to have been postponed for now, which, in any case, should see a new increase in the tax rate in 2025.
The interministerial decree implementing the rule on the so-called super bonus for work
Finally, the third expected decree is a implementing interministerial decree expired on January 30, 2024 and which will allow you to unlock the most important hiring bonus for 2024.
The provision must, in particular, implement the provisions of article 4, paragraph 6 of legislative decree number 216/2023 regarding “determination of the increase coefficients relating to the categories of disadvantaged workers in order to guarantee that the overall increase does not exceed 10 percent of the labor cost incurred”.
To put it simply: last year the Government introduced an extra deduction of 120 or 130 percent on the labor costs of companies that increase the number of staff they hire. The rule is not yet operational and this decree will make it so.
There super deduction it will therefore become one huge deduction in the case of hirings that concern one of the categories indicated in Annex 1 of the IRPEF decree, in 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.
In these cases the cost referable to the increase in employment in relation to individuals new hiresalso for the purposes of determining the overall increase of staff Priceit must be multiplied by the coefficients which the competent Ministries will establish through the appropriate implementing decree.
| Calculation of the cost referable to the increase in employment |
|---|
| Lower amount between the actual cost relating to new hires and the overall increase in personnel costs resulting from the income statement pursuant to article 2425, first paragraph, letter B), number 9), of the civil code compared to that relating to the financial year in progress as of 31 December 2023 (Art. 4, paragraph 3 of legislative decree number 216 of 2023) |
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