Home » HR practices » Professional development » Legal developments » National legislation » Italy: major boost to employee purchasing power Italy: major boost to employee purchasing power On the evening of 23 January, Italy’s council of ministers approved a decree-law that will reduce income tax for employees whose annual gross revenue is below €40,000. Italy’s 2020 budget law set aside close to €3 billion this year for the measure, which will affect 16 million workers and will take effect in July. Through . Published on 27 January 2020 à 11h42 - Update on 27 January 2020 à 16h56 Resources The so-called ‘urgent measures to reduce the tax burden on the work of employees’ apply both to private and public sector workers and have been formulated according to revenue. A measure that begins with the €80 ‘Renzi bonus’.… Need more info ? Contact mind's on-demand study service Which service do you want to contact :WritingCommercial serviceTechnical SupportFirst name Last name Organization Function email* Object of the message Your messageRGPD J’accepte la politique de confidentialité.CommentsThis field is for validation purposes and should be left unchanged. Essentials Les dernières publications Supporting parenthood in the workplace: a win-win strategy Supporting employee carers: a CSR challenge Analyzes Les dernières publications Paternity leave: data observations from 41 countries EU: during H1 2022 five EU Member States have raised their minimum salary levels
