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29.122010

Taxation on TFR (Italian termination benefits) exceeding 1.5 million euro

With Italian Ministerial Decree of 29 October 2010, published in Italian Gazette no. 300 the 15% solidarity contribution on maximum TFR amounts has been regulated – enacting article 1, paragraph 222, of Italian Law no. 296/2006.

With Italian Ministerial Decree of 29 October 2010, published in Italian Gazette no. 300 the 15% solidarity contribution on maximum TFR amounts has been regulated – enacting article 1, paragraph 222, of Italian Law no. 296/2006. TFR paid out in the period 2007-2009 for an amount greater than 1.5 million euro, will be subject to the above contribution. It will be possible to pay this debt in 18 monthly instalments.

Il Sole 24 Ore