Overview

Capital
Rome
Currency
Euro (€) (EUR)
Date Format
dd/mm/yyyy

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Taxes

Employer
Up to 32% - Social Security
Employee
Up to 10.48% - Social Security
0.00% - Up to 15,000
27.00% - 15,000 - 28,000
38.00% - 28,000 - 55,000
41.00% - 55,000 - 75,000
43.00% - Over 75,000

Termination

Termination Process
Notice periods are decided upon in the collective agreement - however are dependent on the cause for termination. 1. Dismissal at will: for open ended contracts, employers are not obligated to provide motivation, however, notice must be given as detailed in the agreement. 2. Dissmisal for just cause: for extreme breaches and damages to the bond of trust. No notice needed. 3. Dismissal for jutifiable reason: - Subjective: employee is not fulfilling contractual obligations - notice is not required - Objective: justified by production activity, organization of work and its proper functioning.
Advance Notice
Employees resignation notice period is decided in the collective agreement.
Severance Pay
A month of salary for each year worked at the company plus unused vacation days.

Minimum Wage

General
No national minimum wage

Working Hours

General
Full time hours are decided in the collective agreement, however never exceed 40 weekly.
Overtime
Considered any weekly hours over 40. Work of over 48 hours in a week must be authorized by the Department of Labor.

VAT

General
22% standard rate.

Payment

Payroll Frequency
Salaries are paid on monthly basis for work between the first and last day of the month. Paydays are the 27th of the month. 13th and 14th bonus (after performance review) salaries are common.

Mandatory Benefits

Pension Fund
Quadri & Impiegati Employees have the possibility to join the complementary pension fund Fon.te. The optional employee contribution of 0,55% will be matched by an additional employer contribution of 1,55%. Dirigenti (Managers) the NCA grants private pension benefits through the funds Mario Negri
Social Security
Employers contribute 29%-32% of workers wages, and employees contribute 9.19% - 10.48% of their salary. Contributions are used towards funds for unemployment, sickness, maternity, temporary employment compensation, social mobility and other minor funds.