As previously reported, the government presented to Parliament the draft Budget Law for 2014, following the approval by the Council of Ministers on 15 October 2013. Details of the proposed taxation measures are summarized below.
Corporate income tax
(a) Regional income tax (IRAP). With effect from tax year 2014, employers will benefit from an additional deduction for each newly hired person under permanent contract. The deduction, up to EUR 15,000 per year, will apply on…