Lastly, in the event that the foreign worker undertakes to maintain tax residence in Italy for at least four years, the special tax regime for ‘inpatriate employees’ could be applied, as a result of which the income produced by an employed or self-employed worker contributes to the formation of taxable income to the extent of 50 percent of its amount and up to a maximum limit of € 600,000 (art. 5, Legislative Decree no. 209/2023).
Decree Law No. 60/2024 introduced new incentives for the hiring of:
- Young employees aged less than 35 years old (art. 22).
More specifically, in order to promote the stable employment of young employees, the employer is entitled to benefit from the exemption from social contribution duties up to a maximum of € 500.00 per month, for up to twenty-four months.
This right is granted on condition that the employer, in the period between 1 September 2024 and 31 December 2025:ì
– hires a young employee , aged less than 35, with a permanent contract, or
– transforms the employment relationship of an employee aged less than 35 years old from fixed-term to permanent .
The ceiling for the exemption is increased to € 650.00 for the employer who hires employees in an office or production unit located in one of the regions of the ‘Single Special Economic Zone for Southern Italy’ (ZES), namely in: Abruzzo, Molise, Campania, Basilicata, Sicily, Apulia, Calabria and Sardinia. - ‘Disadvantaged’ women (art. 23). In order to promote equal opportunities in the labour market for disadvantaged women, the employer who, in the period between 1 September 2024 and 31 December 2025, hires ‘disadvantaged’ women is granted exemption from the payment of the entire social contribution duties up to a maximum of € 650.00 per month, for up to twenty-four months.
This right is recognised on condition that the employer in the incentivised period: Hires, with a permanent contract, women of any age, who have not been in regular paid employment for at least six months and are resident in the ‘ZES’ regions and who carry out a profession or work activity in an economic sector affected by a marked gender employment disparity,
– Hires, with a permanent contract, women of any age who have not been in regular paid employment for at least 24 months, wherever they reside. In addition, the hiring must result in a net increase in the employer’s headcount. - Employees in the Special Economic Zone for Southern Italy (art. 24). In order to support the employment development of the ZES and contribute to the reduction of local disparities, the employer who hires employees with a permanent contract is granted exemption from the payment of the entire compulsory social contribution duties up to a maximum of € 650.00 on a monthly basis, for a maximum period of twenty-four months.
The contribution exemption is granted to the employer who employs a maximum of ten employees in the month of recruitment and who hires, in the period between 1 September 2024 and 31 December 2025, an employee:
a) who is thirty-five years of age or older upon recruitment; and
b) who has been unemployed for at least twenty-four months;
c) at an office or production unit located in one of the ZES regions: Abruzzo, Molise, Campania, Basilicata, Sicily, Apulia, Calabria and Sardinia.
We remain available for any further clarification.