Students promoted from fisco excellent!
An incentive to be good at school. This initiative launched by the Revenue to support the students, whose awards will receive a tax deduction of at least 1380 euros.
The sums allocated to the best school, due to the discipline of study, are irrelevant if the taxable income does not exceed 8,000 euros. For them, as related to achievement in a school year, it is for the deduction provided for the relationship to time.
The new rules are contained in Resolution 156 / E of 11 June.
Incentives on the classroom
The Agency also points out that the premiums in question are not among those covered by specific legislative provisions, immunity dall’Irpef (for example, scholarships for university students allocated by the regions or autonomous provinces and those paid by the University for the attendance of courses, schools of specialization for the PhD research, for research post-doctoral level, for training courses abroad).
Tax Treatment
In light of the foregoing, therefore, the Agency believes that the sums paid by way of economic benefit are required to discipline dictated for scholarships and grants (Article 50, paragraph 1, Tuire) therefore be subject to withholding tax d ‘advance as compared to income from employment.
Consequently, the incentives in question benefit of deducting tax under Article 13, paragraph 1, of Tuire: 1840 euros – to relate to the period of work – if the total income does not exceed 8,000 euros, and no not less than 690 euros, or in the case of fixed-term employment, the 1380 Euros.
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