The Irpef reform signed by Ministers Giancarlo Giorgetti and Marina Elvira Calderone includes a provision that provides tax benefits to businesses and professionals who increase the number of permanent employees. This relief can be claimed for the 2024 tax year, and it offers a deduction of up to 120% of labor costs for new hires.
If the new hires belong to specific categories deserving of greater protection, such as disabled people, mothers with children, recipients of citizenship income, victims of violence, and young people under 30 eligible for employment incentives, then the deductible portion increases to 130%. However, companies in ordinary liquidation, bankruptcy, or other liquidation-related crisis situations are not eligible for this relief.
To be eligible for this tax benefit, companies must show an increase in the number of permanent employees and overall employment growth at the end of the subsidized tax period. Transfers of employees due to mergers, contributions, rentals, or other business changes do not count as new hires unless the previous employment relationship was terminated. The deduction calculation covers various aspects of labor costs like wages and salaries but excludes expenses like meal vouchers and employee professional development costs.
In conclusion, businesses that hire more permanent employees can benefit from a tax deduction that could go up to 130% if they hire workers deserving of greater protection. This provision is part of the Irpef reform signed by Ministers Giorgetti and Calderone on June 25th.