Italy: Introduction of tax exemptions and tax credits schemes to support businesses and the self-employed (COVID-19)

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Description

On 26 June 2020, the European Commission approved a EUR 205.45 million (approx. USD 230 million) aid scheme to support the liquidity of the tourism and hospitality sector in the context of the COVID-1...

Intervention Details

Intervention Type

Tax or social insurance relief

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

26 Jun 2020

Revocation date

28 Oct 2020

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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Affected Sectors

Affected Products

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