(Finance) – On 31 October 2023 the European Commission approved, upon request of the Ministry of Labor and Social Policies, State aid aimed at promoting the stable inclusion in the labor market of citizens’ income beneficiaries, ex art. 1, paragraph 294 et seq., Budget Law 2023 (Law 29 December 2022, n. 197). This is what the Ministry of Via Veneto announced today.
Based on the decision, private employers who hire citizens’ income recipients with permanent employment contracts from January 1, 2023 to December 31, 2023 (i.e., who transform fixed-term contracts into permanent contracts) And recognized, for a maximum period of 12 months, exemption from the payment of 100% of the total social security contributions.
I am excluding premiums and contributions due to INAIL for insurance against accidents at work. The maximum amount of the relief is equal to 8 thousand euros on an annual basis, re-measured and applied on a monthly basis. With specific standard measures, INPS will provide operational instructions for using the incentive.?
Thanks to the measure they will be available 61.5 million euros to support the labor costs of companies in the context of Russia’s war against Ukraine.
The scheme was approved under the Temporary Framework for State Aid in Crisis and Transitionadopted by the European Commission on 9 March 2023.