Deferred tax deadlines, hiring incentives, more money for school. And again: support for local authorities, simplification for smart working in the private sector and more selective layoffs. These are some of the measures that will be contained in the August decree. This was announced by the Minister of Economy, Roberto Gualtieri during a hearing on the National Reform Plan and new 25 billion budget gap which should be voted on July 29 by Parliament.
The outline of the new measure to support the economy seems to be ready. Measures established on the basis of the most recent economic data which “indicate that our economy has started to recover from the low in March-April”, Gualtieri said, explaining that “we estimate that the recovery continued in June and July, however the second quarter will record on average a sharp fall in GDP with an equally marked rebound in the third quarter”.
“The government – continued the MEF number one – intends to reactivate a sustained recovery, capable of overcoming those bottlenecks that have so far blocked the country's development. The goal is to increase the share of the GDP for investments by at least one percentage point compared to 2019 levels”. The work of relaunching private investments will also continue and "the system of capitalization incentives will be reviewed and strengthened".
AUGUST DECREE: INTERVENTIONS AT WORK
"Interventions are being examined to support the labor market to restart with permanent employment and companies to get workers out of the redundancy fund, a derogation from the rules on fixed-term contracts and the extension of simplified procedures for smart working in the private sector". These are the words with which Minister Gualtieri summarized the incoming measures to support the labor market which, according to the director of Istat's Department for Statistical Production, Roberto Monducci, has recorded a drop "of approximately 500 employed”.
With regard to the cig, "the Government intends to continue making the redundancy fund more selective: interventions are being studied in continuity with the measures currently in force with the extension of the redundancy fund by 18 weeks". There will be “elements of differentiation and selection from the audience of companies, asking those who can make a contribution to this tool. The differentiation will probably be based on the data of electronic invoicing, on the different impact of the crisis”.
AUGUST DECREE: SCHOOL, TOURISM, CAR
The new decree will include aid to the sectors most at risk. Among them stands out theautomotive: from January to June, sales dropped by 46,1% according to Acea data, a higher drop than that recorded in Europe, where new registrations fell by 39,5%. We remind you that already in the Relaunch decree the Government has foreseen some maxi incentives for those who buy a new car, aimed precisely at keeping the sector standing, which will come into force from 1 August.
Measures are also planned for the tourismor, while on the school the minister clarified: “First of all, there will be additional resources, just under one billion in the school year, to allow teachers to be hired on a temporary basis to reduce the number of students per class. And there will also be resources for the purchase of the structures, including the famous benches”. “Overall, these are significant resources: 950 million will be distributed between one third and two thirds between '20 and '21, like the school year, and around 300 million will go to structures that are not just for desks with wheels”. Total: €1,3 billion.
TAXES, TOWARDS THE POSTPONEMENT OF TAX DEADLINES
"The liquidity support activity will continue, which will be able to count on fiscal measures", said the minister, explaining that "the deadlines relating to tax and social security payments suspended in the emergency phase will be rescheduled, providing for the possibility of paying the tax debt in installments over a time horizon defined so as to ensure that for 2020 the weight of the burden that would otherwise weigh on taxpayers in difficulty is significantly reduced. The deadlines for the resumption of collections currently set for August 31 will be further deferred ", announced Gualtieri. Furthermore, "we are thinking about a substantial rewriting of the fiscal calendar for VAT numbers that goes beyond the system of advances by focusing on the certainty of what is collected".
LOCAL SOCIETIES
Finally, Gualtieri promised that the government will continue to support local authorities. “So far, interventions have been planned for 18,3 for the Regions and over 12 for the local authorities. In the next decree we will increase these resources. There will be increases in resources for the recovery of revenue losses and resources for 5,5 billion for investments ", concluded Gualtieri.
