Exploring the 120% Hiring Superbonus: Recipients, Amounts, and Guidelines

The Superbonus 120% for Hiring: Benefits and Criteria

The Superbonus 120% for hiring provides significant benefits to those who employ individuals on permanent contracts.
These measures complement those outlined in the May 1st decree.

Who Can Benefit and How Much?

Following the issuance of the implementing decree on June 25, 2024, let’s delve into the specifics of the Superbonus 120% for hiring.
This seems to be one of the most crucial provisions for companies opting to hire staff steadily.

Details of the Superbonus 120%

Let’s explore what the Superbonus 120% for hiring entails and who is eligible to benefit from this incentive.
The scheme includes exemption from 120% of contributions for hiring staff.

Provisions of the Superbonus 120%

The Superbonus for hiring is outlined in Article 4 of Legislative Decree 216 of December 30, 2023.
This article grants an increase in deductible labor costs for businesses and self-employed individuals who expand their workforce through permanent contracts.

The specified increase amounts to 20%, which can be raised to 30% for hiring disadvantaged individuals.
This deduction directly reduces the taxable base, resulting in lower tax payments.

Accessing the Superbonus 120%

To access the Superbonus 120%, businesses must undergo a thorough evaluation process to ascertain a genuine increase in workforce.
This evaluation is based on the variance between the monthly staff count and the average number of employees over the previous twelve months.

For part-time contracts, calculations consider the ratio between contracted hours and standard working hours for full-time employees.

Conditions and Applicability

The 120% deduction applies to the fiscal year following December 31, 2023, valid for hirings between January 1 and December 31 of the same year.

Eligible entities include companies, both public and private, individuals, and professionals who have operated within the 365 days preceding the fiscal year following December 31, 2023.

Excluded from this benefit are new businesses and those undergoing economic hardship, such as liquidation procedures.

Incorporating Workforce Increases

The Superbonus 120% aims to support businesses that foster genuine and stable employment growth.
Stringent rules govern the assessment of workforce increases, ensuring the stability of these employments.

The implementing decree of June 25 mandates that hirings must be indefinite and occur in the fiscal year following December 31, 2023.
Only increases in permanent contracts compared to the preceding fiscal year qualify for deductions.

Substitutions of retiring employees on permanent contracts do not count as employment growth.

Maxi Deduction Calculations

The deductible amount corresponds to the lesser value between actual new employee costs and the overall personnel cost increase from the profit and loss statement, incorporating any relevant augmentations.

Additionally, European Union Cohesion Funds will supplement this initiative.

Enhanced Deduction up to 130%

Legislative Decree 216 of 2023 allows for a potential 10% increase in deductions for hiring specific categories of individuals.
The implementing decree, jointly adopted by the Ministers of Finance and Labor, has indeed instituted this enhancement.

Consequently, deductions stand at 120% for all indefinite hirings and 130% for those employing “disadvantaged” individuals.

The group of “disadvantaged” workers includes various categories such as recipients of citizenship income, women with specific family responsibilities, individuals facing unemployment, and those in economically challenged regions.