The tax advantages and benefits described below are valid in Italy.
Condition for accessing social security and tax benefits:
- Contributions must be paid by the employer and/or employee to entities or funds with only welfare purposes in accordance with company contracts, agreements or regulations.
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 “Contribution of Solidarity” |
| Insurance policy | Cost deductible from corporate income | Ordinary contribution |
TAX AND CONTRIBUTION TREATMENT FOR THE EMPLOYEE
| REALIZATION MODE | TAX TREATMENT of the sums paid by the compandy |
CONTRIBUTIVE ONERI on the sums paid by the company |
|---|---|---|
| Service fund | Contributions paid by both the company and the employee in the annual limit of 3,615.19 euros do not contribute to income formation | Exemption from ordinary contribution |
| Insurance policy | The contributions paid by the company are considered taxable “REDDITO” (medical expenses are deductible from taxes to the extent of 19% for the excess part of the taxable amount of 129.11) | Ordinary contribution |