On 15 October Italy’s Council of Ministers adopted a draft Finance Law that both continues incentives for hiring on indefinite employment contracts albeit in a reduced fashion and that lowers tax breaks for productivity linked wages. The draft law introduces incentives for older workers approaching retirement to move from full time employment towards part time employment.
Jobs measures. Successful measures lowering social charges for indefinite employment contracts (c.f. article No. 9310) have been continued for 2016 jobs, but in a reduced fashion ,and will be phased out by 2018. The ceiling is €3,250 and the tax break will be reduced from almost 100% currently to 40%. Similarly the term for these tax breaks is reduced by twelve months from the current three years down to two years. Then by 2017 this will be reduced by another twelve months to one year and the c
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