THEadvance of severance in payroll it should be taxed at the marginal personal income tax rate, no longer at the facilitated rate envisaged for severance pay. Therefore, for taxpayers, requesting an advance payment will lead to an increase in the tax burden. This is what emerges from a draft of the stability Law in circulation in the last few hours, in the aftermath of the government's go-ahead for the new maneuver.
Article 6 of the text establishes that "from 2015 March 30 to 2018 June XNUMX private sector employees" will be able to request an advance of the severance pay in their pay slips, which will be subject "to ordinary taxation"and "it is not taxable for social security purposes".
Furthermore, anyone who chooses to immediately collect the severance indemnity will no longer be able to go back until “the end of June 30, 2018”.
In addition to civil servants, the possibility of requesting an advance of the severance pay is denied even to those who have worked less than six months for the employer required to pay the severance pay. Also excluded domestic workers and those employed in the agricultural sector.
The operation envisages that the banks will advance the TFR, avoiding a loss of liquidity for the companies. At the end of the working period, the company will pay the amounts set aside directly to the credit institution, which will receive the same remuneration guaranteed today for the severance pay: 1,5% plus 0,75% of the inflation rate.
Attachments: law-established-2015 (1).pdf
