Global Trade Alert
Global Trade Alert

Italy: Extension of social security reduction scheme to support enterprises in Southern Italy regions (COVID-19)

Announcement

18 Feb 2021

In February 2021, the European Commission approved significant amendments to a COVID-19 Italian scheme that provides partial exemptions from the payment of social security contributions to employers located in the regions of Southern Italy (see related state act). These amendments include a budget increase of EUR 4,836.4 billion (USD 5,687 million) and the extension of its coverage until 31 December 2021.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

0 in force

Implementation date

18 Feb 2021

Revocation date:

No revocation date

Tax or social insurance relief

On 18 February 2021, the European Commission approved the extension of a COVID-19 Italian scheme that provides partial exemptions from the payment of social security contributions to employers located...

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