Payroll tax wedge cut at the start: what you need to know
[ad_1]
ROME. The methods of payment to public employees, managed through the NoiPA system, of the increases in payroll deriving from the increase in the cut in the tax wedge provided for by the Labor Decree for the period July – December 2023 have been defined. This was announced by the Mef in a press release.
The decontribution, as for the previous reductions in the tax wedge, will be paid by NoiPa on the slip of the month following the one in which the benefit is recognised. Therefore, the payment referring to the month of July will be disbursed with the August slip. The same mechanism will also be applied for the following months up to the month of December 2023 which will be paid in January 2024.
The Labor Decree, approved by the Council of Ministers last May and converted into law on 3 July 2023, for the period July-December 2023, it provides for an increase in the tax wedge of up to 6% for gross employee monthly wages below €2,692 and up to 7% for those below €1,923 gross employee monthly. The civil servants managed through the NoiPA system who will benefit from the 6% tax wedge cut are approximately 860,000, while the audience interested in the 7% measure is approximately 335,000 employees.
[ad_2]
Source link
