Law Decree no. 104 (published on 14 August 2020 in the official gazette) includes measures to address the economic impact of the coronavirus (COVID-19) pandemic.
The relief measures included in the “August Decree” must be converted into law within 60 days of the publication in the official gazette, and it is possible that changes could be made during the conversion process.
There are relief measures in the August Decree to support and re-launch the economy as well as provisions to support employment. Among these are the following tax measures:
Read an August 2020 report [PDF 198 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.