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Italy: EUR 698 million Italian scheme to support certain tourism activities

Description

On 11 May 2022, the European Commission approved a EUR 698 million (USD 735 million) tax credit scheme from Italy. The aid will support tourism activities such as tour operators, accommodation service...

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Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 May 2022

Revocation date

30 Jun 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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