Fiscal and social security/welfare deadlines of March 16, 2020

With resolution no. 12/E of March 18, 2020 (replaced due to a typo on March 19, 2020), the Revenue Agency provided the first clarifications on the suspension of tax and social security contribution payments following the COVID-19 epidemiological emergency.

As foreseen by the decree known as Cura Italia, Legislative Decree no. 18/2020, the deadline for payments to public administrations, including those related to social security and welfare contributions and premiums for mandatory insurance, expiring on March 16, are extended to March 20, 2020.

At the same time, the extension of the suspension of payments until March 31, 2020, was foreseen for entities with revenues or compensation not exceeding 2 million euros in the 2019 tax period.

With reference to these latter entities, INPS (National Social Security Institute) in News no. 37/2020 reiterated that "The employer or client who suspends the payment of contributions, but who simultaneously withholds the portion charged to the worker, is obligated to pay the latter by the ordinary legal payment deadlines," to avoid committing the crime of embezzlement.

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