With the lowering of the tax wedge, a large part of the workers are entitled to a new bonus of 200 euros in their salaries. Let’s get into the details.
This is not a file Classic bonus that we have known recently. Rather, it is a partial result limit contributionsresulting in an overall increase of up to €200 in Italian payrolls in the coming months.
Let’s dive into the topic to make our readers better understand what we are talking about.
200 euro new bonus: what is it?
The tax wedge reduction, provided for in the Labor Ordinance, will have an impact on the contribution share that employees have to pay.
As a result, this will increase the amount of money that employees will receive salary.
For workers who earn an annual salary not exceeding approximately 25 thousand euros, including the thirteenth salary, the exemption is limited. by 7 percent. Conversely, for individuals with an income of up to €35,000, the reduction will be equal by 6 percent.
On May 24, the INPS issued a letter (No. 1932) containing instructions on the subject for exemption from social security contributions.
In particular, for pay periods between July 1, 2023 and December 31, 2023, an increase of 4 percentage points is envisaged in the exemption for disability, old age and dependent survivors of the worker.
This increase is in line with Article 1, Paragraph 281, of the Law of December 29, 2022 (No. 197).
It is important to stress that this increase will not affect the thirteenth month’s salary. To this we also add that Retirement benefits calculation rate will remain unchanged.
Who is the matter?
He will benefit from the bonus stipulated in the 2023 Budget Law, amended by the Labor Decree, workers with Employment contractIncluding those in an apprenticeship. Instead, domestic workers will not receive this bonus.
Reducing the tax burden was envisaged in the 2022 Budget Law. In particular, a reduction was implemented by 2 percentage pointsProvided that the monthly taxable salary calculated for thirteen months does not exceed In the amount of 2692 euros.
This amount has been revised to include the thirteenth month of December. In addition, a reduction was made 3 percentage pointsProvided that the monthly taxable salary calculated for thirteen months does not exceed The amount of 1923 euros.
The same goes for what was said about the previous salary, i.e. the amount adjusted to include Thirteenth month From the month of December.
As previously stated in the INPS letter, Legislative Decree n. Resolution 48/2023 introduced Article 39, paragraph 1, which states the following: An increase of 4 percentage points of exemption from contributions for pay periods between July 1, 2023 and December 31, 2023, which do not in any way affect the thirteenth month’s salary.
Thus, the final contribution exemption will be as follows:
- a 6 percentage point reductiontaking into account the criteria of taxable salary on a monthly basis for thirteen months and not exceeding the monthly amount of 2,692 euros;
- a 7 percentage point reductionsubject to determining the taxable salary on a monthly basis for thirteen months and not exceeding the monthly amount of 1,923 euros.
The calculator comes in handy for workers who earn up to 1,500 euros They will be able to count on a salary bonus that will provide them with an opportunity to save, with a consequent increase in About 60 euros per month.
We point out again, before concluding, that the INPS has already indicated that this exemption is not It is entirely about the thirteenth.
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