Italy: Tax relief, support for business in “liquidity decree” (COVID-19)
Italy: Tax relief, support for business
Tax relief measures are provided in the “liquidity decree” (Law Decree no. 23 of 8 April 2020) in response to the coronavirus (COVID-19) pandemic.
The “liquidity decree” was published in official gazette on 8 April 2020, but must be converted into law within 60 days of that date of publication. It is possible that changes could be made to the provisions contained in the “liquidity decree” during the parliamentary process.
The “liquidity decree” includes relief measures such as extended deadlines for paying certain taxes and social security contributions. There are also provisions to support businesses financially.
Read an April 2020 report [PDF 230 KB] prepared by the KPMG member firm in Italy
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