Italy Suspends Tax Payments in Virus-Affected Areas

Italy puts on hold payments due from residents and businesses in towns that are subject to containment measures for stopping the spread of coronavirus, according to a statement from the country’s finance ministry.

• Decree signed by Finance Minister Roberto Gualtieri applies to payments due between Feb. 21 and March 31
• Measures apply to 10 towns in Lombardy region and one in Veneto
• Decree does not apply to Milan
• Gualtieri also reached agreement with banking association to suspend mortgage payments in the area, he told TG1 television, according to Ansa newsire.

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