Tax, Social Security, and Welfare Deadlines for March 16, 2020
- March 19, 2020
- Reading time: 2 min
In Resolution No. 12/E of March 18, 2020 (amended on March 19, 2020, to correct a typographical error), the Italian Revenue Agency provided initial guidance on the suspension of tax and social security payments in response to the COVID-19 public health emergency.
As provided for in the so-called “Cura Italia” decree, Decree-Law No. 18/2020, the deadline for payments to public administrations—including those related to social security and welfare contributions and premiums for mandatory insurance—due on March 16, has been extended to March 20, 2020.
At the same time, the suspension of payments has been extended through March 31, 2020, for taxpayers with revenue or compensation not exceeding 2 million euros for the 2019 tax year.
With regard to the latter group, the INPS reiterated in News No. 37/2020 that “An employer or client who suspends the payment of contributions but who, at the same time, withholds the employee’s share of contributions, is required to pay that amount by the regular statutory due dates,” in order to avoid committing the crime of embezzlement.
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