Italy: Tax and other relief measures to support employment, economy (COVID-19)
Italy: Tax and other relief measures to support economy
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:
- Provisions for additional installments of suspended tax payments
- Postponement of enforced tax collection actions
- General revaluation of business tangible and intangible assets
Read an August 2020 report [PDF 198 KB] prepared by the KPMG member firm in Italy
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