In January 2025, Italian employees will receive a 100 euro allowance on their paychecks as part of the Cohesion decree expected to be approved in the Council of Ministers. To qualify for this allowance, individuals must have a total income of no more than 28,000 euros, with a spouse and at least one dependent child, or for single-parent families with a single dependent child. Initially, there were talks of a bonus being included in the thirteenth paycheck, but the focus has now shifted to a direct allowance.
The legislative decree presented by Prime Minister Giorgia Meloni and economic ministers at Palazzo Chigi outlines measures to support employment growth by targeting young people, women, and disadvantaged workers. One of the key provisions includes a reduction in social security contributions for new hires for a period of two years. Additionally, there are specific incentives to promote the establishment of new businesses, with unique considerations for the Centre-North and the South regions.
This reform is the first of seven additions to the revision of the Pnrr approved by the European Commission in December. It aims to expedite the implementation of European cohesion policies for the period of 2021-2027, focusing on crucial sectors that require infrastructural development to enhance competitiveness and attractiveness. With significant funding allocated to Italy, particularly the South, the reform strives to reduce unemployment and inactivity while fostering economic growth.
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Italian Prime Minister Giorgia Meloni recently presented legislation aimed at stimulating job creation through targeted initiatives towards young people, women and disadvantaged workers.
Under this new decree set forth by Meloni and her cabinet members at Palazzo Chigi, social security contributions will be reduced for new hires over two years.
In addition to this reduction in contribution payments,
the government is also offering tax incentives designed specifically
