Circular Letter 20271 clarifies the IRS exemption on balance sheet bonuses paid to employees in 2024 as profit sharing, provided for in Law 82/2023.
The exemption applies to amounts up to €4,100 if there is a salary increase for all workers of at least 5% in 2024. It is clarified that the rule excludes members of governing bodies and requires a resolution by the General Meeting.
The amount of bonuses, although exempt from IRS up to the limit mentioned, influences the withholding tax rate to be applied to all income from dependent labour.
