UPDATE: Please note that on March 22 the President Mr. Conte signed a decree that establishes more restrictive measures defining the essential activities that can continue to remain open . Please click here to read our new post.
The Italian Government has issued a Decree-law yesterday March 17, 2020 no. 18 entitled “Measures to strengthen the National Health System and to provide economic support for families, workers and businesses related to the COVID-19 epidemiological emergency”, also know as “Cura Italia” Decree, to deal with the coronavirus crisis.
DECRETO-LEGGE 17 marzo 2020, n. 18 “Misure di potenziamento del Servizio sanitario nazionale e di sostegno economico per famiglie, lavoratori e imprese connesse all’emergenza epidemiologica da COVID-19. (20G00034)”
It is a decree-law and, thus, according to art. 77 of the Italian Constitution it is immediately valid and effective, but it will have to be converted into law within 60 days from its pubblication into the Official Gazette which happened yesterday March 17, 2020.
Mr. Giuseppe Conte, the Italian Prime Minister, said “The government is close to businesses, professionals, families, women and men, young people who are making enormous sacrifices to protect the highest good. No one must feel abandoned, and this decree proves it” («Il governo è vicino alle imprese, i professionisti, le famiglie, alle donne e gli uomini, i giovani che stanno facendo enormi sacrifici per tutelare il bene più alto. Nessuno deve sentirsi abbandonato e questo decreto lo dimostra»).
This decree will have a direct impact on the Italian deficit, and will activate around 350 billion euro in total. 3.5 billion are for the Health System, 10 for work.
The decree is divided into four titles:
1) measures to strengthen the National Health System
2) measures to support work;
3) measures to support liquidity through the banking system;
4) fiscal measures to support the liquidity of households and businesses.
Here is the full text of the Decree-law Cura Italia published in the Official Gazette March 17, 2020 no. 70
Official Vademecum of the Inland Revenue Agency (Agenzia delle Entrate)