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

0 in force

Implementation date

26 Jun 2020

Revocation date:

No revocation date

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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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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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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