Legislative Decree Ristori: summary of the main measures adopted on the fiscal level

Additional non-refundable contribution to be allocated to VAT operators in the economic sectors affected by the new restrictive measures

The Legislative Decree Refreshments, in the wake of the benefits already granted under the Legislative Decree. Relaunch, proposes the disbursement of a non-refundable contribution, calculated according to the instructions already provided in the past - and indeed on the condition that the amount of turnover and fees for the month of April 2020 is less than 2/3 of the amount of turnover and fees for the month of April 2019 - only in favor of subjects who as of 25.10.2020 have an active VAT number and who declare to carry out as the main activity one of those referring to the ATECO codes affected by the restrictions referred to in the Prime Ministerial Decree of 24.10.2020.

Suspension of INPS and INAIL payments for company employees belonging to the economic sectors subject to restrictions.

For private employers carrying out activities included in the restrictions imposed by the Prime Ministerial Decree of 10.24.2020, payments due for the month of December 2020 (November 2020) are suspended and relating to:

• social security and welfare contributions (INPS);
• premiums for compulsory insurance (INAIL)

Suspended payments must in any case be made in a single payment by 03.16.2021. However, the possibility of paying the amounts in 4 equal monthly installments is recognized, with the first installment always starting from 03.16.2021, without the application of penalties and interest.

Cancellation of the second IMU instalment

The Legislative Decree Ristori provides for the cancellation of the second IMU instalment, concerning the properties/appurtenances in which the activities subject to restrictions and cited in the Prime Ministerial Decree of 10.24.2020 are carried out, provided that the owners are also managers of the activities carried out there.

Additional rental tax credit

A specific tax credit is provided for companies operating in the sectors subject to restrictions introduced under the Prime Ministerial Decree of 24.10.2020, regardless of the volume of revenues and compensation recorded in the 2019 tax period and based on the amount of the monthly rental/rental fee of the company for non-residential properties used to carry out the business.

The benefit in question is available under the conditions that the taxpayer in question reports a loss equal to at least 50% of the turnover relating to the month covered by the benefit, when compared with the same monthly salary of the previous financial year and is provided for:

• in the amount of 60% in the case of rental contracts for properties for non-residential use;
• in the amount of 30% in the case of company rental contracts, including at least one property for non-residential use intended for carrying out the activity itself;