Italy: Tax measures, in order to avoid that obligations and fulfilments aggravate liquidity problems

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governo.it (16.03.2020)

The Council of Ministers, on the proposal of President Giuseppe Conte and the Minister of Economy and Finance, Roberto Gualtieri, approved a decree-law introducing measures to strengthen the national health service and economic support for families, workers and related businesses the epidemiological emergency from COVID-19. The decree intervenes with measures on four main fronts and other sectoral measures: financing and other measures to strengthen the national health system, civil protection and other public bodies involved in the emergency; support to employment and workers for the protection of work and income; credit support for families and micro, small and medium enterprises, through the banking system and the use of the central guarantee fund; suspension of payment obligations for taxes and contributions as well as other tax obligations and tax incentives for the sanitation of workplaces and bonuses for employees who remain in service.

measures summary

Withholding tax payments, social security and welfare contributions and compulsory insurance premiums in order to prevent obligations from aggravating liquidity problems, together with VAT payment: tourism-hotel, spa, passenger transport, catering and bars, culture (cinemas, theaters), sports, education, amusement parks, events (fairs / conferences), game rooms and betting centers. 

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