In the late evening of 19 May 2020 Italian Government enacted Law Decree n. 34 (so-called “Rilancio Decree”) in order to boost Italian’s economy. The Decree came into force on May 19 and has to be converted into ordinary law within 60 days, any amendments may occur during the conversion process. This alert focuses on the main tax provisions introduced by the Decree, while tax incentive and tax litigation measures are explored in separate Alerts.