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.

1000

Related content

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

The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal