Aid decree bis, what changes on fringe benefits
The Aid bis decree raised the exemption threshold for fringe benefits to € 600. All the economic and social benefits of corporate welfare
The Aid Bis decree, approved by the Senate, in addition to allocating 17 billion euros to counter the rise in the energy sector, brings the exemption threshold for fringe benefits, i.e. those benefits that are not paid to employees in the form of money, to 600 euros , but with goods and services, confirming the importance of corporate welfare .
THE ROLE OF CORPORATE WELFARE IN TIMES OF CRISIS
In a difficult economic situation like the current one, observes Edenred – a multinational operating in the sector of services for businesses, the public sector and individuals – corporate welfare is confirmed as an essential ally for families and companies.
HOW MUCH THE THRESHOLD OF TAX-FREE BENEFITS HAS BEEN RAISED
This role was also recognized by the executive of Mario Draghi who, within the Aid Bis decree, raised the threshold within which fringe benefits are exempt from taxation to 600 euros, for the whole of 2022.
An important help to lighten the burden of the rise in expensive living for employees. The exemption ceiling for corporate fringe benefits has in fact gone from 258.23 to 600 euros, which goes beyond even the doubling achieved in the last two years.
AID THAT IS ADDED TO THE UKRAINE DECREE
The effects of the government measure, Edenred specifies, are added to those generated by the Ukraine decree as regards the recognition of petrol vouchers up to 200 euros per employee. Both interventions on the subject of fringe benefits make an effective and concrete economic contribution available to families.
THE IMPORTANCE OF FRINGE BENEFIT
The fringe benefits, which are part of the wide range of corporate welfare solutions developed by Edenred Italia, offer immediate and flexible help, able to cover a wide range of emerging needs in daily life.
Their presence in the Aid Bis decree also constitutes a further recognition by the legislator of solutions and tools that contribute to increasing the well-being of workers and to offer useful support for dealing with everyday expenses.
“Faced with the generalized cost of living, thanks to fringe benefits, Italian families have the opportunity to have support that can increase their purchasing power and concrete help for their daily life. The doubling of the tax-free quota for fringe benefits is excellent news for everyone, even for companies that are thus incentivized to effectively integrate normal wages, meeting the needs of families ", commented Fabrizio Ruggiero, CEO of Edenred Italia.
THE POSITIVE EFFECTS ON THE ECONOMY
In fact, fringe benefits help to support the demand for goods and services in a period characterized by a sharp decline in consumption due to the increase in prices.
According to a research conducted by The European House – Ambrosetti, the doubling of the fringe benefit threshold allows the generation of additional consumption for a figure ranging between 1.6 billion and 4.1 billion per year (estimate 2021). Numbers that confirm the fundamental role played by these tools in the current economic context, not only for workers and companies. A factor that can really offer concrete and immediate help to all the players in the field.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/decreto-aiuti-bis-che-cosa-cambia-sui-fringe-benefit/ on Wed, 21 Sep 2022 10:58:40 +0000.