‘RILANCIO’ DECREE – MEASURES TO SUPPORT EMPLOYMENT AND THE ECONOMY

Overview

Decree-Law No. 34 of 19 May 2020 (the so-called ‘Relaunch’ Decree), was published in the Official Journal No. 120 on 19 May 2020 and simultaneously went into effect.

The decree’s provisions are subject to amendments and additions when it is converted into law.

The decree provides for a series of urgent measures on public health and support for businesses, workers and households.

Following are the main measures for supporting businesses:

  • provisions aimed at strengthening capital;
  • a provision for grants;
  • the introduction of various types of tax credits with the possibility of transferring them to third parties;
  • the abolition of the 2019 balance of the regional tax on productivity (IRAP) and the first prepayment for 2020.

There are also further extensions and deferrals regarding the terms of payment of VAT and taxes withheld and tax collection activity in general.

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