Urgent support measures related to the COVID-19 public health emergency

The government has enacted economic measures aimed at addressing the nationwide public health emergency. The decree in question, which implements these measures, is divided into three sections containing both provisions that apply exclusively to the so-called “red zones” and measures that affect the entire country. The most significant measures are outlined below.

Chapter I - Suspension and Extension of Deadlines

The new tax assistance schedule introduced by Decree-Law No. 124 at the end of 2019 has been moved up to January 1, 2020. The main changes concern, in particular:

The Single Certification

For 2020 only→ The deadline for the electronic submission of the single certification (CU) to the Revenue Agency has been extended to March 31, as was already the case for the submission of the certification to substituted parties.

Effective January 1, 2021 → the new deadlines for submission to withholding agents and for filing with the Revenue Agency are both set for March 16.

It remains possible to electronically file tax certificates containing only income that is exempt or cannot be reported via the pre-filled tax return by the deadline for withholding agents to file their returns, which is October 31.

Income Tax Return (Form 730):

Once fully implemented effective January 1, 2020 the new deadlines for filing tax returns (Form 730).

Therefore, individuals with income from employment or similar sources may fulfill their tax filing obligation by submitting their tax return:

• (a) by September 30 of the year following the year to which the return relates, to the tax agent who intends to provide tax assistance;

• (b) by September 30 of the year following the year to which the return relates, to a CAF for employees, together with the documentation necessary for carrying out the verification procedures.

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