The Revenue Agency has published the draft of the 730 model for 2017 with the relative instructions. There are several innovations, including the concession on performance bonuses for private sector employees and the special regime for immigrant workers. Here are the main indications of the taxman.
RESULT AWARDS
Starting this year, a reduced taxation is envisaged for employees in the private sector who receive performance bonuses of no more than 2 euros or 2.500 euros if the company involves workers equally in the organization of work. In particular, if the performance bonuses are received in cash, a substitute tax of 10% of the Irpef and surtaxes is applied. If, on the other hand, the bonuses are received in the form of a benefit or reimbursement of socially significant expenses incurred by the worker, no tax is applied.
SPECIAL SCHEME FOR IMPTRIATIVE WORKERS
For workers who have moved to Italy, only 70% of the income from employment produced in our country contributes to the formation of the total income.
FACILITIES PROVIDED BY THE "LAW AFTER US"
Starting from the 2016 tax period, for insurance concerning the risk of death aimed at protecting people with serious disabilities, the maximum amount of the premiums for which it is possible to benefit from the 19% deduction is raised to 750 euros. Also starting from the 2016 tax year, it is possible to take advantage of the 20% deduction of donations, donations and other free deeds, totaling no more than 100.000 euros, in favor of trusts or special funds operating in the sector of charity.
SCHOOL BONUS
For donations of up to 100 thousand euros made in 2016 in favor of institutions of the national education system, a tax credit is recognized equal to 65% of the donations made, which will be divided into three equal annual installments .
PROPERTY FURNISHING EXPENSES FOR YOUNG COUPLES
Young couples, even if they have been living together for at least three years, in which one of the two components is no more than 35 years old and who in 2015 or 2016 bought a property to be used as their main residence, is granted a 50% deduction expenses incurred within the limit of 16 thousand euros for the purchase of new furniture intended for furnishing the main residence.
EXPENSES FOR LEASE FEE FOR MAIN HOME
A deduction of 19% of the amount of leasing installments paid in 2016 is recognized for the purchase of real estate units to be used as a main residence for taxpayers who, at the date of stipulation of the contract, had an income not exceeding 55 thousand euros.
The amount of the leasing installments for which the deduction can be used cannot exceed 8 thousand euros if, at the date of stipulation of the contract, you are less than 35 years old or 4 thousand euros if you are 35 years old on the same date or more.
The subsidy is also available if the redemption prices were paid in 2016: in this case the redemption price cannot be higher than 20 euros if you were under 35, or 10 euros if you were 35 or older.
VAT PAID IN 2016 FOR THE PURCHASE OF HOUSES IN ENERGY CLASS AOB
Anyone who purchased an energy class A or B home last year is granted a 50% deduction of the VAT paid in 2016.
MULTIMEDIA DEVICES FOR REMOTE CONTROL
The deduction of 65% of the expenses incurred in 2016 for the purchase, installation and implementation of multimedia devices for the remote control of the heating and/or hot water production and/or air conditioning systems of the housing units is recognized.
