TAX REDUCTION: FOR 2012, THE SPENDING LIMIT HAS BEEN DETERMINED IN EUR 835 MILLION (Il Sole 24 Ore, June 2, 2012, page 43)

The maximum limit for tax reduction, stated by Article 33, paragraph 12, of the Law No. 183/2011 (so-called “Legge di stabilità 2012”) in EUR 835 million, caused the lowering of the salary maximum amount of the private sector employee involved in the benefit, which decreases to EUR 30 thousand of annual gross salary and to EUR 2.5 thousand of maximum limit.