The 2025 budget gives a new boost to employment, dusting off already tested measures, such as the 120% hiring bonus, but extending them over time, with the same multi-year perspective with which the government also wanted to stabilize the cut in the tax wedge. Here you are a summary of some of the measures on the labor front and on the fiscal front which will appear in the text of the budget bill. *
MAXIMUM DEDUCTION FOR RECRUITMENTS UNTIL 2027
The measure worked and so the government decided to extend, this time for three years, the maximum reduction for permanent hires. Companies will have the possibility of deducting the cost of new hires at an increased rate of 20% or even 30%, in the case of hiring individuals considered disadvantaged (last year’s profiles should be confirmed, i.e. ex-prisoners, disabled people, unemployed women with at least two minor children, women victims of violence, young people admitted to the Gol program or former beneficiaries of citizenship income). The principle is that of “he who hires more pays less”: the three-year extension is valid from year to year only for companies that progressively increase the number of employees. Furthermore, for working mothers with at least two children, the tax exemption is confirmed 100% which is also extended to autonomous ones.
PRIZES AND FRINGE BENEFITS FOR THOSE WHO MOVE
The preferential taxation for incomes up to 80 thousand euros, productivity bonuses up to 3,000 euros, at 5% instead of 10%, and for corporate welfare are also extended for three years, with the tax exemption ceiling for fringe benefits rising from 258 euros to 1,000 for everyone and 2,000 for those with children. The fringe benefits are also being acted upon for a first taste of the housing plan requested by Confindustria: the amounts will be increased for new hires who agree to move more than 100 kilometers from home.
WIDER WEB TAX
While waiting for the so-called Pillar 2 of the global minimum tax, on which there is still no agreement at an international level, the Italian web tax is changing. The turnover ceilings provided for by current legislation will be eliminated, thus expanding the range of interested parties. Today, companies that generate anywhere in the world, individually or jointly at group level, a total amount of revenue of at least 750 million euros and that receive an amount of revenue from digital services no less than 5.5 million in Italy. Both roofs will be eliminated.
FIGHT AGAINST EVASION
The expenses that companies and professionals intend to deduct (from taxis to entertainment expenses) must have been made with the POS or with a bank transfer. The POS must be connected to the cash register to align the amount collected and the data transmitted to the Revenue Agency. The bill that accompanies the goods to customs will become electronic only.
REVENUE FROM GAMES AND BITCOIN
Amid some controversy from those directly involved and also from the M5S, capital gains on cryptocurrencies will be taxed at 42% compared to the current 26%, reaching the highest levels in Europe and probably causing, according to critical voices, a flight of capital. Among the revenue measures, the maneuver will also extend for two years the concessions for physical gaming, such as bingo and machines, which expire on December 31st. We are also moving towards the extension of the redetermination of the purchase values of land and equity investments.