Italy’s economic plans will be completely disrupted in 2020 due to the impact of the new crown epidemic, according to the Italian Xinhua times, citing ilsole24ore. On December 18, the entire economic sector met all day to discuss and finalize Italy’s economic plan for the next two years. The draft plan will be submitted to the House Budget Committee for a vote.
Italy’s new one-year budget and economic plan include exempting the first batch of IMU taxes on hotels, tourist villages, discos and self-employed operators in 2021: inps will manage the self-employed separately; nearly 1 billion will be used to support the abolition of taxes in some industries.
For food delivery and packaging services, IVA dropped to 10%.
During the review and discussion of the budget law, most of the members of the house of Representatives supported the abolition of the VAT collection of the new coronal vaccine. Therefore, the new budget law will have the regulation of “not charging VAT on new crown vaccines”.
In the three years from 2021 to 2023, the Italian government expects the consumption tax on e-cigarettes to gradually increase to 40%.