De Luca & Partners

THE SENATE APPROVES THE FINANCIAL LAW

The Senate has conclusively approved the financial manoeuvring for the next three years.
As the welfare system is concerned, it has to be pointed out the following interventions:
·       refinancing of redundancy fund, mobility and special unemployment treatments;
·       extension of incentives for hiring workers who receive social security cushions;
·       chance for employers who are not included in the extraordinary temporary layoff intervention to use joint liability contracts (“contratti di solidarietà”);
·       extension of the redundancy fund treatments increase, from 60% to 80%, in favour of those ones who may be entitled to joint liability contracts jointly with redundancy fund;
·       extension of the chance to get a tax relief on productivity bonuses for companies and employees;
·       extension of taxation reduced of 10%, in substitution of Irpef and additional taxes, for the amounts related to productivity for incomes up to EUR 40,000.   
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