Global Trade Alert
Global Trade Alert

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

Announcement

26 Jun 2020

In June 2020, the European Commission approved a number of Italian tax schemes to support undertakings and self-employed workers by easing their liquidity constraints and/or encourage the adaptation of the workplaces and production processes to the new COVID-19 sanitary requirements.

Source

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

26 Jun 2020

Revocation date:

28 Oct 2020

Removed: 31 Dec 2020
Tax or social insurance relief
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...
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Removed: 31 Dec 2020
Tax or social insurance relief
On 26 June 2020, the European Commission approved a EUR 1,424.1 million (approx. USD 1.6 billion) aid scheme to support the liquidity of taxpayers who carry out a business, art or profession. The meas...
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Implementation date

26 Jun 2020

Revocation date:

31 Dec 2020

Announced: 26 Jun 2020
Tax or social insurance relief
On 26 June 2020, the European Commission approved a EUR 2 billion (approx. USD 2,240 million) aid scheme to support the adaptation of the workplaces and production processes to the new COVID-19 sanita...
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