The Italian Ministry of Finance has communicated on Friday, 13 of March that all the tax payments (among them VAT) due by March 16, 2020 will be postponed.
The details of the above together with other tax measures will be included in a law decree which should be issued shortly.
PwC Global VAT Online – In response to the coronavirus (COVID-19) threat, many countries around the world are implementing emergency tax breaks to support their economies. We have summarised below the emergency measures announced by a number of these territories and will add others when available. Measures being implemented include delayed VAT remittances to give businesses a cash flow boost, or cuts in VAT/ GST rates to help the worst affected sectors, such as consumer, tourism/hospitality, or in respect of medical supplies. For a summary of all the changes in each territory please register / login here.
Image Source: http://unsplash.com
One thought on “Italy: VAT Update”
[…] Source: michaelamerz.org […]