Global Trade Alert
Global Trade Alert

Italy: EUR 6 billion in financial measures for SMEs (COVID-19)

Announcement

31 Jul 2020

In July 2020, the European Commission approved a EUR 6 billion (approx. USD 7.1 billion) Italian state aid that provides tax credits and subordinated loan schemes to businesses in the context of the COVID-19 pandemic.  

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

31 Jul 2020

Revocation date:

31 Dec 2021

End prolongation: 31 Dec 2021
State loan
On 31 July 2020, the EU approved a EUR 6 billion (approx. USD 7.1 billion) Italian state aid measure that provides subsidies and tax credits in relation to equity investments, tax credits, as well as ...
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Implementation date

31 Jul 2020

Revocation date:

30 Jun 2021

End prolongation: 30 Jun 2021
Tax or social insurance relief
On 31 July 2020, the EU approved a EUR 6 billion (approx. USD 7.1 billion) Italian state aid measure that provides subsidies and tax credits in relation to equity investments, tax credits, as well as ...
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Implementation date

31 Jul 2020

Revocation date:

31 Dec 2020

Announced: 31 Jul 2020
Financial grant
On 31 July 2020, the EU approved a EUR 6 billion (approx. USD 7.1 billion) Italian state aid measure that provides subsidies and tax credits in relation to equity investments, tax credits, as well as ...
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