Italy: Introduction of EUR 2.8 billion tax exemption scheme to support companies of the country's Southern regions

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Description

On 24 June 2022, the European Commission approved a EUR 2.8 billion (USD 2.9 billion) tax exemption scheme from Italy. The aid will support all private employers irrespective of their size or economic...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

24 Jun 2022

Revocation date

06 Dec 2022

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

location-specific

Affected Trading Partners

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Affected Sectors

Affected Products

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