Observatory

Taxation on TFR (Italian termination benefits) exceeding 1.5 million euro

29 December 2010

With Italian Ministerial Decree of 29 October 2010, published in Italian Gazette no. 300 the 15% solidarity contribution on maximum TFR amounts has been regulated – enacting article 1, paragraph 222, of Italian Law no. 296/2006.

With Italian Ministerial Decree of 29 October 2010, published in Italian Gazette no. 300 the 15% solidarity contribution on maximum TFR amounts has been regulated – enacting article 1, paragraph 222, of Italian Law no. 296/2006. TFR paid out in the period 2007-2009 for an amount greater than 1.5 million euro, will be subject to the above contribution. It will be possible to pay this debt in 18 monthly instalments.

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