COVID-19 OUTBREAK: GOVERNMENT EMERGENCY TAX MEASURES

In brief

Following Covid-19 outbreak, the Government passed a decree implementing extraordinary measures of economic support for families, workers and enterprises (Decree “Cura Italia”).

Measures include a series of extensions or suspensions of deadlines related to tax compliance, payments and inspection/litigation activities. Also executive notice of payments due dates are extended. The scenario is unfortunately very articulated and complex to say the least.

Furthermore, the ordinary terms for the approval of 2019 Financial Statements are extended and it will be possible to hold Annual General Meetings entirely by teleconference.

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