{"id":9352,"date":"2025-08-19T15:25:38","date_gmt":"2025-08-19T13:25:38","guid":{"rendered":"https:\/\/www.hrcapital.it\/observatory\/azioni-ai-dipendenti-e-regime-agevolato\/"},"modified":"2025-09-24T13:46:48","modified_gmt":"2025-09-24T11:46:48","slug":"tax-regime","status":"publish","type":"post","link":"https:\/\/www.hrcapital.it\/en\/publications\/tax-regime\/","title":{"rendered":"Employee Shares and Preferential Tax Regime: The Position of the Italian Revenue Agency in Ruling No. 147\/2025 (Andrea Di Nino, Sintesi \u2013 Ordine dei Consulenti del Lavoro, July 2025)"},"content":{"rendered":"\n<p>Employee share plans are, to date, a tool frequently used by companies, particularly by listed corporations and large multinational groups.<\/p>\n\n\n\n<p>Their growing popularity is undoubtedly due to the significant benefits they generate, despite the inherent complexities in their implementation. In fact, such plans can incentivize and foster employee loyalty by directly linking them to the company\u2019s performance\u2014sometimes more effectively than traditional tools.<\/p>\n\n\n\n<p>Another factor that has certainly contributed to their spread is the preferential tax regime they may benefit from. It is precisely on this aspect that the Italian Revenue Agency has recently expressed its position through Ruling No. 147\/2025. In this case, the tax authorities intervened following a query submitted by a company heading a multinational group, concerning a plan for the allocation of shares to employees\u2014specifically, a so-called \u201cbroad-based\u201d or \u201cpopular\u201d share ownership plan\u2014in order to clarify the conditions required for the application of the preferential tax regime provided under Article 51, paragraph 2, letter g) of the TUIR (Italian Income Tax Code).<\/p>\n\n\n\n<p>Read the full version published in <a href=\"https:\/\/consulentidellavoro.mi.it\/wp-content\/uploads\/2025\/07\/Sintesi-LUGLIO-2025.pdf\">Sintesi<\/a>, the journal of the Order of Labour Consultants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Employee share plans are, to date, a tool frequently used by companies, particularly by listed corporations and large multinational groups. Their growing popularity is undoubtedly due to the significant benefits they generate, despite the inherent complexities in their implementation. In fact, such plans can incentivize and foster employee loyalty by directly linking them to the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[26,35],"tags":[529,215],"class_list":["post-9352","post","type-post","status-publish","format-standard","hentry","category-observatory","category-publications","tag-employee-shares","tag-labour"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tax Regime - HR Capital<\/title>\n<meta name=\"description\" content=\"Employee share plans are, to date, a tool frequently used by companies, particularly by listed corporations and large multinational groups.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hrcapital.it\/en\/publications\/tax-regime\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Regime - HR Capital\" \/>\n<meta property=\"og:description\" content=\"Employee share plans are, to date, a tool frequently used by companies, particularly by listed corporations and large multinational groups.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hrcapital.it\/en\/publications\/tax-regime\/\" \/>\n<meta property=\"og:site_name\" content=\"HR Capital\" \/>\n<meta property=\"article:published_time\" content=\"2025-08-19T13:25:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-09-24T11:46:48+00:00\" \/>\n<meta name=\"author\" content=\"Roberta Ranghetti\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Roberta Ranghetti\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/publications\\\/tax-regime\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/publications\\\/tax-regime\\\/\"},\"author\":{\"name\":\"Roberta Ranghetti\",\"@id\":\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/#\\\/schema\\\/person\\\/e4f3035e8b05bba108f05bc0adb960b7\"},\"headline\":\"Employee Shares and Preferential Tax Regime: The Position of the Italian Revenue Agency in Ruling No. 147\\\/2025 (Andrea Di Nino, Sintesi \u2013 Ordine dei Consulenti del Lavoro, July 2025)\",\"datePublished\":\"2025-08-19T13:25:38+00:00\",\"dateModified\":\"2025-09-24T11:46:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/publications\\\/tax-regime\\\/\"},\"wordCount\":207,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/#organization\"},\"keywords\":[\"Employee Shares\",\"labour\"],\"articleSection\":[\"Observatory\",\"Publications\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/publications\\\/tax-regime\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/publications\\\/tax-regime\\\/\",\"url\":\"https:\\\/\\\/www.hrcapital.it\\\/en\\\/publications\\\/tax-regime\\\/\",\"name\":\"Tax Regime - 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