Waiver of the Italian Regional Tax on Production Activities and limits to State aids prescribed by the Temporary Framework
During the COVID-19 pandemic the Italian government has adopted a specific measure concerning the Regional Tax on Production Activities (IRAP) payment.
Due to its selectivity, the measure falls within the scope of application of EU State aid rules and so must be applied in compliance with the limits and conditions set out in the EU Communication of 19 March 2020 C(2020) 1863 final “Temporary framework for state aid measures to support the economy in the current emergency of the COVID-19”.
Read more in WTS Global European Tax Law Center Newsflash#24. Among the authors, Francesco Scarfone and Giovanni Rolle of WTS R&A Studio Tributario .