close
Share with your friends

Italy: Relief measures suspend tax collection, extend digital services tax deadlines (COVID-19)

Italy: Relief measures suspend tax collection

Tax measures in a law decree—Decree Law no. 41 of 22 March 2021—are intended to provide relief in response to the coronavirus (COVID-19) pandemic.

1000

Related content

Among the tax relief provisions in the decree are the following:

  • Extension of tax-collection suspension and automatic cancellation of tax bills of up to €5,000
  • Extension of the digital services tax deadlines
  • Extension of the electronic archiving deadline
  • New wage subsidy measures
  • A freeze on redundancies until 30 June 2021
  • Allowances for seasonal workers in tourism sector, the spa industry, show business and sports industries
  • Allowances for workers in the sports sector
  • Emergency income
  • Measures to safeguard vulnerable workers
  • Extension or renewal of fixed-term employment contracts

The measures in the decree are effective 23 March 2021, but must be converted into law within 60 days of the decree’s publication in the official gazette (22 March 2021). It is possible certain measures could be amended during the legislative conversion process.

Read an April 2021 report [PDF 186 KB] prepared by the KPMG member firm in Italy

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in 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