The interministerial decree activating the super deduction for new hires, provided for in the first module of the fiscal reform contained in Legislative Decree 216 of 2023, has been finalized. This measure, which allows for a deduction of 120% (increased to 130% for specific categories of workers such as young people, women, and recipients of citizenship income), applies to all businesses and self-employed workers. According to the April Economic and Financial Document (Def), it is estimated that this new form of encouragement for stable employment could involve around 380,000 companies.
The draft decree of the Ministry of Economy and Labor, consisting of six articles, provides that the following entities may benefit from the deduction: capital companies, non-commercial entities (only for new hires used in carrying out commercial activities), partnerships and similar entities, sole proprietorships, non-resident companies and entities (in relation to commercial activities carried out in the territory of the State through a stable organization), and self-employed professionals, even in the form of professional associations or simple partnerships. Subjects not receiving business income, such as agricultural entrepreneurs and those engaging in occasional commercial activities, as well as companies and entities in ordinary liquidation or subject to judicial liquidation, are excluded.
The super deduction is recognized provided that the beneficiaries have effectively carried out the activity in the 365 days (or 366 days if the tax period includes February 29, 2024) preceding the first day of the tax period following that ending on December 31, 2023; and furthermore, there must be an increase in employment.
Source: Il Sole 24 Ore
