Italy

Value Added Tax

Extension of deadlines of VAT payments:

  • for taxpayers with an amount of revenues not exceeding EUR 2 Mln in 2019.
  • for specific businesses without any revenue limitations.

Corporate Income Tax

  • N/A

Social Security Contributions or Payroll Tax

Extension of deadlines of payments:

  • for taxpayers with an amount of revenues not exceeding EUR 2 Mln in 2019.
  • for specific businesses without any revenue limitations.

Other relief measures

Relief measures for businesses:

  • Transformation of deferred tax assets in tax credits under certain conditions
  • Tax credit in relation to expenses for sanitisation operations
  • Tax credit for lease expenses regarding small stores (60% of the rents due in March 2020)
  • Deductibility of donations made to counter COVID19

Additional comments

Other measures:

  • Temporary interruption of tax audits and tax assessments and certain collection and tax filing activities
  • Extension of 2 years of the statute of limitations expiring on December 31, 2020
  • Deferral of the terms for rulings of the Italian Revenue Agency
  • Temporary interruption of the terms of tax justice