The tax advantages and benefits described below are valid in Italy.
In order to benefit from the social security and tax benefits, contributions must be paid by the employer and/or the employee to entities or funds with only welfare purposes in accordance with company contracts, agreements or regulation.
TAX AND CONTRIBUTION TREATMENT FOR THE COMPANY
REALIZATION MODE | TAX TREATMENT of the sums paid by the company |
CONTRIBUTIVE ONERI on the sums paid by the company |
---|---|---|
Service fund | Cost deductible from corporate income | 10% for “Solidarity Contribution”, calculated on the only part of the cost for covering non-professional risks (from about 20% to 30% of the total cost) |
Insurance policy | Ordinary contribution: calculated on the only part of the cost for covering the extra-professional risk |
TAX AND CONTRIBUTION TREATMENT FOR THE EMPLOYEE
REALIZATION MODE | TAX TREATMENT of the sums paid by the company |
CONTRIBUTIVE ONERI on the sums paid by the company |
---|---|---|
Service fund | The amount paid for extra-professional risk becomes part of the taxable income; expected tax deduction of 19% calculated on a maximum amount of the premium paid, i.e. up to a maximum of 100.70 euros | Exemption from ordinary contribution |
Insurance policy | Ordinary contribution on sums paid for extra-professional risk |
* as required by Legge 124/2013