This content is from: Italy
Italy oversees delivery of decree worth €25 billion to manage COVID-19
Gian Luca Nieddu and Barbara Scampuddu of Hager & Partners outline the measures set out by Italy to assist businesses and taxpayers manage the economic impact caused by the COVID-19 outbreak.

- All firing procedures begun after February 23 2020 are suspended;
- Families can apply for permission to suspend their mortgage payments if business shutdowns caused by the pandemic threaten their livelihoods;
- For self-employed or seasonal workers, the government will provide a one-off contribution;
- Families with children will be helped with longer parental leaves (equal to 15 days) and a so-called ‘babysitter voucher’ equal to €600;
- In March and April, people caring for someone with disabilities are entitled to take up to 12 days' leave a month instead of three;
- Tax incentives for non-performing loans (NPLs) selling are granted;
- Employees can claim time under quarantine as sick leave.
In addition, companies with a turnover lower than €2 million will benefit from the suspension of withholding payments of contributions, insurance premiums and VAT until May 31 2020.
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