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Rome, October 18, 2020 – Approved by the council of ministers, with the formula ‘subject to agreements’, the 2021 maneuver. At night ok to the drawing of 40 billion budget law and the law decrees that postpones recovery until 2021 of the tax collection. Thus stop at tax bills by decree until December 31. And go ahead with sending the Draft Budget Document to Brussels (a few days after the October 15 deadline). In addition, with another related DL, the extension of Covid layoffs for companies will reach the end of the year.
Covid Newsletter October 18
The complete articulation will probably take another ten days, and will again contain measures to face the coronavirus emergency, limit its impact on the productive and labor world, strengthen and ensure health and at the same time to stimulate the restart of the country.
Confirmed on expansion of the Covid dismissal fund and consequent blocking of layoffs for those who use it, extension of the tax reduction in the South for 5,700 million and of the tax credit for investments in the South for another billion, extension of guarantees for companies, support for workers and those most affected, these These are just some of the interventions that will be repeated from January 1.
Instead, it will come out from July. the one-time child allowance (also intended for the self-employed and disabled), which will replace and enrich the deductions for dependent children and the current bonuses in favor of mothers and children. The bonus will be added on the fiscal front to the deductions for hiring young people under 35 years of age and the refinancing of the wedge cut, or the so-called 100 euros in the payroll, which as of January, with an additional outlay for the State of approximately 1.8 billion, will also become structural for revenues of 28,000 to 40,000 euros.
Extension via decree, and immediately operational, For him moratorium from the collection. Will not restart as expected these days the activity of the agents in old and new files and in foreclosures: it will remain suspended until the end of the year. The measure was requested out loud by companies and taxpayers
Italia Viva also seems to have spent the night six month deferral entry into force I gave tax on sugar and plastic measures whose overall weight in the maneuver seems almost insignificant today, but which the party has been firm in giving the go-ahead to the budget planning document that will be sent to Brussels.
The M5s, on the other hand, pressed for the call ‘Covid Fund’: a loan of 4,000 million that will be used gradually to support the sectors most affected by the consequences of the epidemic. Employment support also comes in the sector of culture and cinema with an ad hoc allocation of 600 million per year.
Same budget for health, to which another 4,000 million euros are allocated to confirm the 30,000 between contracted doctors and nurses Fixed-term contract for the emergency period. A background of 400 million euros to protect everyone’s health from disease for the purchase of vaccines. The endowment of the National Health Fund increased by one billion euros.
School. Financed with 1,200 million euros When fully operational, 25,000 support teachers will be hired and € 1.5 billion will go to school buildings.
Safe transportation. 350 million euros planned for Regions and Municipalities to strengthen local public transport, with special attention to school transport.
Point by point maneuver
4 billion to health, the vaccine fund arrives
An additional one billion is used to finance the National Health Fund. The other resources will be used to support medical and nursing staff, including the confirmation also for 2021 of 30,000 doctors and nurses hired on a fixed term for the emergency and the support of contractual allowances for these categories Arriva, a novelty, a fund for buy vaccines and other pandemic-related needs. It should be worth 400 million over 2 years.
Tax reform, it starts with families
An important reform for families will be financed from July 2021, with the introduction of the single allowance that also extends to the self-employed and the disabled. In addition, the duration of paternity leave is extended. For the check, the additional resources should be 3,000 million for next year, while at full capacity 8,000 million euros are allocated annually to the tax reform, which includes the universal endowment, to which will be added the resources derived from greater tax revenue. which will flow to the special fiscal loyalty fund. The new Irpef will then arrive by proxy and will be operational, according to the government’s intentions, from 2022.
Forward incentives to the South
The taxation of the advantage for the South comes into effect with an allocation of 13.4 billion in the three-year period 2021-2023 and the tax credit for investments in the Southern Regions is extended to 2021 (per billion).
Stable wedge cut, zero contributions below 35
With an additional € 1.8 billion, for a total annual allocation of € 7 billion, the gap cut for revenues above € 28,000 is fully implemented. Contributions for the hiring of minors under 35 years in charge of companies that operate throughout the national territory are also canceled for three years.
Covid Fund for affected sectors, aid to companies
A fund of 4,000 million euros has been created to support the sectors most affected during the emergency. The mortgage moratorium and the possibility of accessing public guarantees provided by the PMI Guarantee Fund and SACE are extended. Additional support is provided for business internationalization activities, with a budget of € 1.5 billion. Measures to support the recapitalization of small and medium-sized enterprises are expanded.
Selective cig extension
Financed additional weeks of COVID Cig, with the same mechanism that free banking provides for those who have registered losses above a certain threshold. The Ape Social and Women’s Option measures are expanded.
Transportation, 350 million arrive
350 million destined to be used in the first months of 2021, aid arrives for local public transport, affected by the virus containment measures. The focus will be dedicated in particular to school transport.
6.1 billion for schools, universities, law studies
The hiring of 25,000 support teachers is financed with 1,200 million euros when it is fully operational and 1,500 million euros are allocated to the construction of schools. A contribution of 500 million euros per year is expected for the right to education and 500 million euros per year for the university sector. 2.4 billion are earmarked for university buildings and research projects. In addition, 600 million euros a year are allocated to support employment in the film and culture sectors.
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