The Council of Ministers has postponed the arrival of a new legislative decree on tax matters, which includes changes to IRPEF and IRES. The draft text includes provisions for benefits related to the thirteenth month’s salary and taxation of productivity bonuses. For the year 2024, there will be an allowance of up to 100 euros for employees with a total income not exceeding 28,000 euros, who have a spouse and at least one child. The allowance will be defined by a decree from the Ministry of Economy and Finance.
Additionally, the draft confirms that performance bonuses paid from January 1, 2025, will be taxed at 10% within a ceiling of 3 thousand euros. This tax will apply to performance bonuses linked to indicators of productivity, profitability, quality, efficiency, innovation, and other factors defined by collective bargaining agreements.
Furthermore, the draft of the legislative decree specifies that temporary early supplementary income will only be recognized in the case of termination of employment for reasons other than reaching pension requirements. The draft aims to simplify and rationalize the current regulation to encourage wider access to facilitation measures for employees.
In order to streamline access to tax benefits for productivity bonuses, some changes have been made in the draft to eliminate certain requirements. The application of the Irpef substitute tax and related additional taxes is linked to the provision of productivity bonuses based on various indicators.
Overall, the draft aims to improve access to tax benefits for employees while simplifying the process and ensuring a fair distribution of rewards based on performance indicators.