News 3 - Rilancio Decree
- Studio Piceci
- May 26, 2020
- Reading time: 5 min
News 3 - tax measures of the so-called Relaunch Decree
Subject: Decree-Law May 19, 2020, no. 34
Concluding the News concerning the so-called Relaunch Decree, this News outlines the main fiscal interventions contained in the aforementioned legislative provision, notably including the further extension of tax and social security payments suspended due to the COVID-19 epidemiological emergency.
Title VI: Fiscal Measures (Articles 119-164)
FURTHER EXTENSION OF SUSPENDED PAYMENTS FOR MARCH, APRIL, AND MAY (Articles 126 - 127)
With the so-called Relaunch Decree, the deadlines for payments suspended by previous decrees – the 'Cura Italia' Decree for March payments and the 'Liquidity' Decree for April and May payments – have been extended and harmonized.
The suspended payments pertaining to withholding taxes on employment and assimilated income, social security and welfare contributions, compulsory insurance premiums, and VAT payments, must be made without penalties or interest either in a single payment by September 16, 2020, or through installment payments up to a maximum of 4 equal monthly installments, with the first installment due by September 16, 2020.
Below are the deadlines, categorized by month, indicating the beneficiaries, the subject of the suspension, the suspended period, and the new harmonized payment date.
DEADLINE FOR PAYMENTS RELATED TO MARCH, APRIL, AND MAY 2020
TAX CREDIT FOR THE ADAPTATION OF WORK ENVIRONMENTS IN PUBLICLY ACCESSIBLE PLACES (ART. 120)
A tax credit, equivalent to 60% of expenses incurred in 2020, up to a maximum of €80,000, is granted to businesses, self-employed professionals, associations, foundations, and other private entities, including Third Sector entities, operating in publicly accessible places. This credit applies to interventions required to comply with health regulations and containment measures against the spread of the COVID-19 virus, including building works necessary for:
the renovation of changing rooms and canteens;
the creation of medical spaces, entrances, and common areas;
the purchase of safety furniture;
as well as investments in innovative activities, including those necessary for innovative investments such as the development or acquisition of tools and technologies required for work activities; and the purchase of equipment for temperature control of employees and users.
The tax credit is cumulative with other benefits for the same expenses, provided it does not exceed the costs incurred, and is exclusively usable for offsetting in the year 2021.
The Director of the Revenue Agency will establish the procedures for monitoring the utilization of the tax credit.
TAX CREDIT FOR THE SANITIZATION OF WORK ENVIRONMENTS AND THE PURCHASE OF PERSONAL PROTECTIVE EQUIPMENT (hereinafter PPE) (ART. 125)
A tax credit, equivalent to 60% of expenses incurred in 2020 for the sanitization of environments and tools used, as well as for the purchase of PPE and other devices designed to ensure worker health, is granted to businesses, self-employed professionals, non-commercial entities, including Third Sector entities, and civilly recognized religious organizations.
The credit is capped at €60,000 per beneficiary, with an overall limit of €200 million for the year 2020.
Expenses incurred up to December 31, 2020, are eligible for tax credit, specifically those related to:
the sanitization of environments where the aforementioned entities conduct their professional and institutional activities, and of the tools utilized therein;
the purchase of personal protective equipment (PPE), such as masks, gloves, visors, protective eyewear, protective suits, and shoe covers, provided they comply with the essential safety requirements mandated by European regulations; - the purchase of detergents and disinfectants;
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