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Italy Explains Tax Break For COVID-19 Changes To Workplaces

by Ulrika Lomas, Tax-News.com, Brussels

17 July 2020


On July 10, 2020, the Italian tax authority issued a ruling to explain the rules concerning tax credits for expenditure on adapting workplaces to prevent the spread of COVID-19.

According to the ruling, businesses can claim 60 percent of their expenditure on adapting workplaces as a tax credit. The credit can be claimed for qualifying expenditure, up to a cap, in the period from January 1 to December 31, 2020.

The tax credit can be claimed by businesses in certain sectors, including, among others: tourism and accommodation; catering and bars; sports and entertainment venues; leisure and cultural activities; and spas, gardens, and zoos.

The ruling (Ruling of 10 July 2020, released in Italian) defines the criteria and method of application of the tax credit.

Applications to take advantage of the tax credit may be submitted as late as November 30, 2021.

TAGS: tax | business | public health | tax credits | travel and tourism | cultural heritage | food | tax authority | Italy | standards

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