Italy is giving businesses a 50% tax credit for sanitation expenses, such as daily cleaning services, masks, and other precautions that help stop the spread of new coronavirus.
The tax credits, worth up to 20,000 euros ($22,000) annually, are part of a 25 billion euro relief package taking effect Wednesday. The package is aimed at lessening the Covid-19 outbreak’s damage to Italy’s already fragile economy. The Ministry of Economy and Finance and Ministry for Economic Development will issue a decree with details in the next 30 days about how to apply for and receive the credits.
Many ...