95/455/EC: Commission Decision of 1 March 1995 on the arrangements for reducing the social security contributions paid by firms in the Mezzogiorno and for assigning to the State some of those contributions (Only the Italian text is authentic) (Text with EEA relevance)

• Articles: 6

Article 1

The aid in the form of exemption and relief from social security contributions in the Mezzogiorno referred to in Articles 2, 3 and 4, is deemed compatible with the common market in accordance with the conditions set out therein.

Article 2

The one-year exemption from social security contributions on all new jobs created shall be limited to new jobs created by 31 December 1997 at the latest.

Article 3

In Campania, Basilicata, Apulia, Calabria, Sicily and Sardinia the overall reductions in social security contributions as defined in Article 1 of the relevant Italian interministerial decree of 5 August 1994 shall be limited to:

- 14,6 % as from 1 July 1994 - 14 % as from 1 December 1994 - 10,6 % as from 1 December 1995 - 6,8 % as from 1 December 1996 - 0 % as from 1 December 1997.

In Abruzzi and Molise these reductions shall be limited to:

- 12 % as from 1 July 1994 - 0 % as from 1 November 1994.

Article 4

In Campania, Basilicata, Apulia, Calabria, Sicily, Sardinia and Molise the 'fiscalization` differential with the regions of the Centre-North shall be limited to:

- 5 % as from 1 July 1995 - 4 % as from 1 January 1996 - 3 % as from 1 January 1997 - 2 % as from 1 January 1998 - 1 % as from 1 January 1999 - 0 % as from 1 January 2000.

In Abruzzi this differential shall be limited to:

- 5 % as from 1 July 1995 - 3 % as from 1 January 1996 - 1 % as from 1 July 1996 - 0 % as from 1 January 1997.

Article 5

Italy shall adopt all general measures necessary to comply with Articles 2 and 3 by 30 June 1996. It shall notify the Commission thereof by 30 July 1996.

Italy shall adopt all general measures necessary for compliance with Article 4 by 15 April 1995. It shall notify the Commission thereof by 30 April 1995.

Article 6

This Decision is addressed to the Italian Republic.

Done at Brussels, 1 March 1995.

For the Commission Karel VAN MIERT Member of the Commission

(1) OJ No C 212, 12. 8. 1988, p. 2.

(1) OJ No L 143, 10. 6. 1988, Articles 2, 3, 4 and 7.