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PUBLISHED BY Arlati Ghislandi
Performance bonuses – Taxation in case of missing requirements

Agenzia delle Entrate has provided clarifications upon the taxation of sums received as performance bonus, in the form of benefits (rather than monetary compensation), in absence of requisites for the subsidized tax rate.

730/2017 and UNICO/2017 forms contemplate the possible specification of sums received as performance bonus in order to take advantage of subsidized tax rates for bonuses (pursuant to art. 1, c. 182-190, Law no. 208/2015).

Said conditions are not granted if conditions set by the aforementioned regulation are not met. If the employer, in absence of these condiions, still grants employees the subsidized tax rate, the taxpayer is required to apply ordinary taxation upon all sums, including benefits, via the applicable tax return form.