On 04 August Italy’s Council of Ministers adopted a decree-law that provides for a further reduction in salary-related social security contributions and extends the tax exemption for goods and services that employees can access under company welfare schemes. However, and surprisingly, the text did not extend the smart working emergency regime, which ends on 01 September.
Largely motivated by the sharp rise in energy costs, this decree law institutes new aid for families and companies. Businesses will have until 01 November to implement the changes.
Lower social security contributions. Employees earning up to €35,000 per year will see their social security contributions lowered again to reach 2% in total, compared with the 0.8% reduction instituted at the beginning of the year. This measure will be applied (partly retrospectively) to salaries paid between 01July
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