With the publication of circular No. 7/E of 27 March 2020, the Revenue Agency provides clarifications and operational indications on the handling of requests for advance tax agreement for enterprises with international activities as well as on the determination of the taxable income for the purposes of the patent box, concurrently with the COVID-19 epidemic.
The COVID-19 crisis is causing governments around the world to rapidly respond in order to provide economic relief to businesses and individuals. On a daily basis, global policy changes are being proposed and enacted related to extending filing deadlines and providing tax cuts and incentives.
Law decree 18/2020, in order to cope with the crisis that Italian companies are facing due to the spread of the COVID-19, has provided in art. 56 for financial support measures in favour of micro, small and medium-sized enterprises.
It has been published in the Official Gazette (OG General Series n.76 of 22-03-2020) the new decree of the President of the Council of Ministers (DPCM) which aims to tighten the restrictions introduced with previous legislative and regulatory interventions by providing for new measures, applicable to the whole national territory, regarding the containment and manag
On March 17, 2020, the Italian Government has issued Law Decree no. 18\2020 (the "Decree") concerning "measures to strengthen the national health service and provide economic support for families, workers and businesses related to the epidemiological emergency by COVID-19".
We have summarised the main provisions introduced by the "Cura Italia" Decree Law of 17 March 2020, limited to tax, employment law and corporate matters, in order to make them easier to understand and to provide readers with useful information to support their decision-making processes.
As the human and economic toll of the coronavirus mounts, the real estate industry in North America is wondering where it can safely place its bets. The hospitality industry has taken the brunt of the hit so far, but other sectors of the economy have been nervously watching as the events unfold.
The terms relating to the payments scheduled for March 16 will be deferred with a provision in the decree law to be adopted by the Council of Ministers, relating to measures to contain the effects of the Covid-19 epidemic.
The Coronavirus emergency, in addition to the obvious and serious health implications, is causing disruptive ripple effects in private and social lives, as well as in the economic and productive sphere of our nation.