Coronavirus emergency, liquidity decree approved and tax stop for the months of April and May!
It has been approved by Council of Ministers llast measure aimed at rehabilitating the economic crisis that Italy is experiencing due to the health emergency since Coronavirus
The President of the Council Giuseppe Conte called it a huge firepower, the Liquidity Law Decree which provides immediate liquidity for 400 billion euros to companies, 200 for the internal market and 200 for exports, which are added to 350 of the Cura Italia Decree the total amount reaches 750 billion.
Liquidity law decree
With the Liquidity Decree Law, the State will offer a guarantee that i Loans happen faster possible. Furthermore, with the same decree, explains Giuseppe Conte, the suspension of tax payments and contributions and withholdings for the months of April and May 2020.
After the first intervention in March, the Liquidity Law decree follows, but it is only one intermediate stage, in fact, as the Prime Minister explains, this will be followed by a more substantial decree in support of the families and the most suffering categories.
