Global Trade Alert
Global Trade Alert

Italy: EC approves social security payment reductions for enterprises in the regions of Southern Italy (COVID-19)

Announcement

06 Oct 2020

In October 2020, the European Commission approved a partial exemption from the payment of social security contributions to employers located in the Southern regions of Italy, which have been the most affected by the COVID-19 pandemic. The estimated budget amounts to EUR 1,487.5 million (approx. USD 1,749 million).

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

06 Oct 2020

Revocation date:

No revocation date

Tax or social insurance relief

On 6 October 2020, the European Commission approved a partial exemption from the payment of social security contributions to employers located in the regions of Southern Italy. With an estimated budge...

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