{"id":52628,"date":"2020-08-18T10:42:30","date_gmt":"2020-08-18T08:42:30","guid":{"rendered":"https:\/\/www.fedaiisf.it\/?p=52628"},"modified":"2020-08-18T10:56:27","modified_gmt":"2020-08-18T08:56:27","slug":"raddoppiato-il-limite-di-non-imponibilita-per-i-fringe-benefit","status":"publish","type":"post","link":"https:\/\/www.fedaiisf.it\/en\/raddoppiato-il-limite-di-non-imponibilita-per-i-fringe-benefit\/","title":{"rendered":"Doubled the non-taxable limit for Fringe Benefits"},"content":{"rendered":"
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With the r<\/a>resolution 46\/E of 14 August <\/a>the Revenue Agency has provided the expected clarifications regarding the changes in the 2020 budget law on fringe benefits for company cars (see also Il Sole 24 Ore of 15 August). Law 160\/2019 in fact innovated the criterion, to be applied from 1 July, for quantifying the tax and social security value of company cars assigned to employees for mixed use by providing for four variable values based on the level of CO2 emissions, instead of the single flat rate previously in force.<\/p>\n<\/div>\n

The Agency has clarified that the new value will apply to all cars registered and assigned from 1 July. The resolution also clarifies that vehicles already registered on June 30 and assigned by that date will follow the old 30 per cent flat-rate criterion. The real application node of the new standard concerns vehicles registered by 30 June and assigned from 1 July. In this case, the "normal value" of the car cannot be automatically subjected according to the criteria of article 9 of the Tuir as this criterion is to be used to value the vehicles granted for private use only (... continue on Il Sole 24 Ore of 18 August 2020<\/a>)<\/div>\n

In the case of signing of the assignment agreement between the parties (employer and employee) after 1 July 2020 and enrollment after that date, the new discipline established by the\u00a0Budget Law 2020<\/a><\/span> (flat rate adjustment based on CO2 emissions into the atmosphere); if, on the other hand, the registration was prior and the assignment as well, the old legislation continues to be applied (the flat rate of the 30% for all types of vehicles). Finally, if the assignment is after 1 July 2020 and the registration is prior, it is necessary to separate the private use of the vehicle (to be documented objectively) from the normal value, to avoid taxing the entire value for the employee (Video pill August 18, 2020<\/a>)<\/p>\n

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Corporate welfare: doubled the non-taxable limit for Fringe Benefits<\/h1>\n

The August decree doubles the non-taxability of the corporate welfare limit, in particular of fringe benefits. Let's see better what it is.<\/h2>\n

Invest today \u2013 August 17, 2020<\/a><\/p>\n

Given the extraordinary need and urgency to introduce measures aimed at mitigating the negative effects of the coronavirus health emergency, the August decree introduces new support and recovery measures
\n\"\"<\/a>of the economy, as well as financial and fiscal measures to meet the liquidity needs of the companies most affected by this crisis.<\/p>\n

Pursuant toarticle 112, decree law 14 August 2020, n. 104<\/a>, limited to the 2020 tax period, the amount of the value of the goods sold and services provided by the company to employees that does not contribute to the formation of income (Fringe Benefit) is doubled compared to the standard limit.<\/p>\n

Fringe Benefits, what is it about?<\/strong><\/h3>\n

Fringe benefits are among the main resources available to employers to create corporate welfare and boost the productivity of their employees. In other words, they represent a form of remuneration in kind which does not contribute to the formation of the income of the recipient.<\/p>\n

Examples of fringe benefits are:<\/p>\n