Legislative Decree 216/2023, also known as the “Tax Decree”, is the first implementing act on the reform of personal income taxes. Among the new provisions introduced, there is the maxi deduction of labor costs: this benefit aims to promote companies’ recruitment of permanent employees, encouraging permanent contracts and increasing employee benefits by 20% or 30% […]
Invoices for non-existent transactions represent a particularly serious processing method with often simple schemes but also with a set of extremely complex operations. There are essentially two types of invoices for non-existent transactions. The first, consisting of subjectively non-existent transactions, arises in the event that the issuer is different from who actually carries out the […]
The national legislation aims to promote the capitalization of companies by limiting the deductibility of interest expenses and similar borrowing charges. According to Article 96, paragraph 1, of the Income Tax Code, interest expenses and similar financial charges are deductible in each tax period up to a certain limit, which includes: A) Interest income and […]
Legislative Decree 60/2024, in force since May 8th (published in the Official Gazette 105 of May 7th and currently being converted into law in the Senate), provides for a 100% reduction in social security contributions, for 24 months, in favor of employers who hire, in the period from September 1st 2024 to December 31st 2025, […]
Three new incentives have been introduced for young people under 35 who want to start their own business. In addition to the tax relief revival for employers who hire employees (young people, disadvantaged women and workers in the South), the Cohesion Decree-Law approved on April 30th by the Government contains three aids to start a […]
The legislative decree amending several parts of the Consolidated Law on the immigration and conditions of foreigners has been published in the Official Gazette no. 256 of November 2nd 2023. In accordance with Directive (EU) 2021/1883 of the European Parliament and Council, dated October 20th 2021, new provisions on the entry and residency of highly […]
The decree for the implementation of the NRRP (National Recovery and Resilience Plan) has increased penalties for undeclared work by 30%, as indicated in Article 29 of Legislative Decree 19/2024 effective since March 2nd and currently being examined by the Chamber to be converted into law. The amounts of the fines, divided into bands, are […]
In light of the innovation represented by the institution of the two-year arrangement with creditors, for the first year of application of the relevant legislation, there is an extended deadline for taxpayers to adhere to the composition. This deadline of October 15th 2024 coincides with tax return filing for the 2023 tax period. Arranged obligations: […]
The employer’s reimbursement of rent costs and interest on the mortgage of the worker’s main residence will be exempt from taxes and social security contributions, with a new facilitated taxation on loans. These are the main topics covered by Circular 5/2024 of the Italian Revenue Agency. This year, fringe benefits will not concur to the […]
The new provisions to counteract irregular procurements, present in the decree-law 19/2024, redefine the concept of fraudulent administration, established more than twenty years ago by the Biagi law and subject to numerous corrective actions which led to its repeal. In the new decree, the fraudulent administration emerges as the tipping point in various illicit situations […]
