TAX ADMINISTRATION: TAX REDUCTION ON THE OVERTIME AND NIGHT WORKING ACTIVITY
The Tax Administration, with memorandum no. 48/2010, provided important and expected clarifications with reference to the recovery of the higher taxes paid by the employees on the amount earned for overtime worked and for night-work. The Authority preannounced that the models of the next year income-tax return will be modified in order to allow the recovery of the credits concerning the 2008 and 2009. Furthermore, the employer, in spite of printing a declaration on unstamped paper, could wait the compilation of the CUD 2011 model and then certify the exact amount of the owed taxes.