The instructions for calculating the increases in the pay slip linked to the cut in the tax and contribution wedge for 2024 arrive from the INPS. In the meantime, everything is also ready to obtain the culture bonus and the tax changes ask to be implemented: we are increasingly entering the alive and in the concreteness of this year’s news with the news of the week from 15 to 21 January 2024
The engines are warmed up forimplementation of the new features of the year: the INPS, with the circular dated 16 January, put the instructions to follow to correctly calculate the pay rises which are due to female and male workers in 2024 as a consequence of confirmation of the cut in the tax and contribution wedge provided for by the Budget Law.
After a nine-month wait, the rules for obtaining and using the culture bonusthe contribution up to a maximum of 1.000 euro which it replaces from this year 18app and on the one hand introduces a ISEE limit for access on the other hand it provides a prize for everyone who achieves it excellent grades at the high school diploma.
They are also official tax deadlines not simplifications of tax obligations which, on the contrary, must move towards operations with the rapid approval of the necessary implementing decrees.
With the news arriving from the world of Taxes and Labor in the week from 15th to 21st Januarythe focus is on the concreteness of the measures planned for 2024 but there is also space to dedicate attention to the abstract hypothesis of a global property tax.
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Paycheck increases for 2024: INPS instructions on the correct calculation
The confirmation of the cut in the tax and contribution wedge foreseen by Budget Law 2024 guarantees workers with remuneration up to 35,000 euros of the increases in the envelope pay for this year too.
Respect to ordinary calculationsthe reduction of the amount of contributions owed by the employee determines the disbursement of an additional amount.
With the circular no. 11 of January 16thINPS provided the instructions updated to 2024 to establish who is entitled to the benefits and to what extent.
Although reference is made to the annual salary of 25 or 35,000 euros to divide the audience of beneficiaries, the Institute reiterates a rule already clarified for last year: the verification of salary limit for the application of the percentage, 6 or 7 percent, it must be done monthly.
The pay rises are recognized as a result of the application of the exemption recognized on IVS contributions in an amount equal to:
- 6 percentage points for taxable wages up to 2,692 euros;
- 7 percentage points for taxable wages up to 1,923 euros.
Another important aspect, highlighted by INPS, concerns holders of multiple employment contracts.
In determining the maximum taxable salary the individual employment relationship is decisive and therefore, if for example a male or female worker has multiple part-time contracts, the different employers will independently apply the expected contribution cut.
It is approaching end of January and, on the basis of the instructions provided by INPS, it is possible to calculate the value of the increases resulting from the application of the decontribution 2024 at next paychecks.
Culture bonus 2024: everything ready for departure
And speaking of the end of the month, from January 31st it should also become accessible new charter of culture and merit implemented by last year’s Budget Law.
The instructions, with a clear delay compared to the deadline of 2 March 2023, arrived in the Official Journal on 16 January.
On the bonus model 18appthe boys and girls that last year became adults and they belong to one family with an ISEE up to 35,000 or have passed thegraduation exam by the age of 19 with a grade of at least 100/100 they can obtain the cards of 500 euros each by registering via SPID or CIE, Electronic Identity Cardby the deadline of June 30th.
The two culture bonuses, in the presence of the economic and study success requirementsare cumulative and the amounts can be used to purchase books, music, language courses and other expenses indicated by the Ministry of Culture.
News on tax obligations and deadlines from 2024: implementing decrees are needed
In the meantime the tax reform has rationalized and simplified tax obligations with the legislative decree number 1 of 2024 published in the Official Journal on 12 January.
The expiry of tax declaration move to September 30th for everyone with a uniform term for VAT numbers, employees and pensioners. The pre-filled form 730 changes and more generally the pre-compiled tax return is also extended to VAT numbers.
They also change deadlines of income tax payments, with the addition of the December 16th deadline for payments in installments which will already apply for the balance of taxes relating to 2024.
The single certification for minimum and flat rates it is abolished from the 2024 tax period, new features also arrive on the 770 form and the limits for affixing the conformity visa are raised.
This is one extreme synthesis of the provisions contained in legislative decree n. 1/2024 for simplification of tax obligations.
The measures, however, are not all immediately applicable: from the pre-compiled 2024 form 730 to the new online tax services, they are needed decrees and implementing measures.
In many cases there is something to be done dealing with privacy and the search for a balance on the protection of personal data has often lengthened implementation times or even, in the case of electronic invoices for healthcare services, frozen the envisaged measures.
The road to operation it is ready but it still needs to be undertaken.
From concrete news for 2024 to abstract hypotheses for the future: a global wealth tax
And while for the innovations already introduced we look at concreteness, in the week from 15 to 21 January theabstract hypothesis of a global wealth tax to combat economic and social inequalities.
260 super rich people from all over the world, including three Italians, with the “Proud to pay more” movement sent to the leaders gathered in Davos this week for the World Economic Forum a letter with the request to be taxed to intervene on some crucial aspects for the future:
- address extreme inequality;
- reduce the cost of living of workers;
- improve education for the next generation;
- resilient health systems and improved infrastructure;
- promote the green transition.
The letter is also accompanied by a report from which, among other things, it emerges that the 75 percent of the interviewees, over 2,300 millionaires, were in favor of the introduction of a property tax of 2 percent.
The assets, and more generally the contribution of millionaires to society through the tax authorities, it’s just an idea and even more abstract are the possible effects that would result. But the story turns the spotlight on an important point: the social and economic importance of fiscal choices.
From hypotheses to certainties, the appointment to follow, day after day and week after week, the news of Taxes and Work is always on the pages of Fiscal Information.
To receive free Tax Information updates via email regarding the latest news and tax and employment benefits, interested readers can sign up for our newsletter for freeone free update per day via email from Monday to Sunday at 1pm
2024-01-21 11:46:24
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