Italy: Measures to support healthcare, employment, economy, social policies (COVID-19)

Italy: Measures to support healthcare, employment

Measures to support workers, employment, businesses, and the economy are included in Law Decree no. 24 of 19 May 2020—referred to in English as the “Relaunch decree” and provided in response to the coronavirus (COVID-19) pandemic.

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The Relaunch decree was published in the official gazette no. 128 of 19 May 2020. The Relaunch decree must be converted into law within 60 days of its publication in the official gazette, and it is possible that amendments could be made during this parliamentary conversion process.

The Relaunch decree includes certain tax-related measures concerning:

  • IRAP (local business tax) exemption
  • Tax credit relief
  • Value added tax (VAT) measures and tax payment deferrals
  • Tax litigation and tax authority procedures
  • Export and excise measures
  • Step-up in the tax basis of business assets

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The Relaunch decree also includes other provisions to support employment, to protect savings in the banking sector, and generally to support businesses and the economy. These measures are discussed in more detail in a June 2020 report [PDF 220 KB] prepared by the KPMG member firm in Italy.

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