Italian pensions body INPS to reimburse extra taxation hits

Measure applies to so-called golden pensions over €90,000

Italian pensions body INPS to reimburse extra taxation hits

(ANSA) – Rome, July 26 – A higher tax rate slapped on retired Italians enjoying pensions of more than 90,000 euros gross per year introduced by the Italian government in recent years in an attempt to boost state revenue has been revoked, the Italian pension body Inps announced on Friday. Beneficiaries will be reimbursed the additional amounts withheld in 2013. The measures are being enacted in the wake of a recent Constitutional Court ruling that sentenced the taxation hike norms as being illegitimate.

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