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Bianca Bagnoli

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Bianca Bagnoli is an Associate in Baker McKenzie's Milan office.

As the COVID-19 outbreak continues to create deep concerns on its impact on the health of citizens and disruption to businesses, the Italian Government has reacted with a new package of tax measures reflected in two decrees already issued and another one published today in the Italian Official Gazette that will be further commented in a separate Alert.

The second package of tax measures for supporting the Italian economy in the context of the COVID-19 outbreak has finally been approved. Indeed, Law Decree No. 34 dated 19 May 2020 (“Rilancio Decree”) was converted into Law No. 77 on 17 July 2020, with a few amendments with respect to the prior version (which are highlighted in bold).

Beneficial tax measures helping individual and companies to face the COVID-19 outbreak will be commented upon therein, while tax incentives and measures affecting tax litigation activities will be explored in separate follow-up alerts.

The Rilancio Decree came into effect on 19 May 2020, while the amendments made at the time of the conversion into law highlighted in bold took effect from 19 July 2020.

The second package of tax measures for supporting the Italian economy in the context of the COVID-19 outbreak has finally been approved. Indeed, Law Decree No. 34 dated 19 May 2020 (“Rilancio Decree”) was converted into Law No. 77 on 17 July 2020, with a few amendments with respect to the prior version (which are highlighted in bold).

Tax incentives helping individuals and companies to face the COVID-19 outbreak will be commented therein, while beneficial tax measures and measures affecting tax litigation activities will be explored in separate follow-up alerts.

The Rilancio Decree came into effect on 19 May 2020, while the amendments made at the time of the conversion into law — highlighted in bold — took effect from 19 July 2020. 

The first package of tax measures for supporting the Italian economy in the context of the COVID-19 outbreak has finally been approved. Indeed, Law Decree No. 18 17 March 2020 (“Cura Italia Decree”) was converted into Law No. 27 on 29 April 2020, with some amendments with respect to the prior version, which are highlighted in ‘bold.’

Extraordinary measures to minimize the impact of the COVID-19 emergency have been recently approved by the Italian government (see Law Decree No. 18 dated 17 March 2020). Some of those measures may have a significant impact on tax litigation activities in a broad sense (i.e., activities connected, but not limited,…