News n.3/2024
Budget Law No. 213 of Dec. 30, 2023 provided, on an exceptional basis, for the pay periods from Jan. 1, 2024 to Dec. 31, 2024, for public and private employee relationships (excluding domestic work relationships), a contribution exemption of the employee's share at the rate of:
6%, provided that the taxable salary, parameterized over thirteen months' pay, does not exceed the monthly amount of 2,692.00 euros, net of the accrual of the thirteenth month;
7% provided that the taxable salary, parameterized over thirteen months' pay, does not exceed the monthly amount of 1,923.00 euros, net of the accrual for the 13th month.
INPS, on January 16, 2024, published the circular containing the conditions and instructions for applying this exceptional exemption in payroll.
Subjects eligible for exemption
All employees of both private and public employers are eligible for the exemption, regardless of whether the employers take on the nature of an entrepreneur or not, including apprenticeship workers, always in compliance with the monthly salary limit as well as the limit of only IVS contributions payable by the employee.
Excluded are instead workers in the domestic sector.