On 22 December 2014, the Italian Parliament approved the Stability Law for 2015, which includes measures introduced in the Budget for 2015. The law was published in the Official Gazette on 29 December 2014, and generally applies from 1 January 2015.
The key measures of the law include:
IRAP (Regional Production Tax)
- Companies are allowed to fully deduct labor costs for permanent employees from the IRAP tax base
- The 2014 reduction in the standard IRAP rate to 3.5% is reverted to 3.9% with r…