Italy has published Law Decree No. 18 of 17 March 2020 in the Official Gazette, which provides a number of urgent tax measures in response to COVID-19. Some of the main measures for businesses are summarized as follows:
Sectors Most Affected
For taxpayers in most affected sectors, payments deadlines are suspended for
- March value added tax (VAT); and
- March and April social security contributions and withholding on employee wages.
The suspended payments are due by 31 May 2020 as a single…