Italy Provides Guidance on Increased Deduction for New Permanent Hires
The Italian Revenue Agency has announced the release of Circular No. 1/2025, which provides guidance on the tax benefit for companies and professionals that hire new employees on a permanent basis. The tax benefit consists of a 20% increase in the cost allowed as a reduction for the increase in staff, which rises to 30% for employees deserving of greater protection, such as people with disabi…
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