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November decree takes shape: non-repayable contributions for VAT numbers

Not only the new restrictive measures of the Prime Ministerial Decree of 25 October. In the last few hours, the Government has also been busy defining the measures to be included in what is called the “November Decree”. That is, a series of economic measures that should allow the Italian production system to withstand the brunt of the second wave of SARS-CoV-2 infections, which in recent weeks has hit our country with particular force. According to the rumors circulating so far, the decree should contain both measures to support economic activities stopped by the “mini-lockdown”, and measures to support employment.

November decree, refinanced the “lost fund” for VAT numbers

According to the advances received from Palazzo Chigi and Viale XX Settembre, the Government would like to use the unused funds of some measures of the “Cura Italia”, the “Liquidity Decree”, the “Relaunch Decree” and the “August Decree” to evade all non-repayable grant applications made by the economic and productive activities of the country. The 6 billion initially allocated are in fact completed and many activities are still waiting to receive their contribution.

In addition, new funds should be allocated in the November Decree, so as to be able continue to disburse non-repayable contributions also in the coming weeks and months. According to what was anticipated by Minister Gualtieri, in order to request new contributions, it will be necessary to prove that in the first six months of 2020 a 33% decrease in turnover compared to the same period of 2019.

November decree, measures to support employment

At the same time, the government should include new measures to support employment in the lines of the November Decree. It sure looks like the refinancing of the extraordinary redundancy fund, which should guarantee employees of companies closed or in difficulty due to the health emergency.

November decree, refreshment measures for economic activities

In the hectic hours that preceded the approval of the Prime Minister’s Decree of 25 October, the Government has hypothesized to allocate 2 billion euros to be allocated to the activities that will be most affected by the new lockout, as requested by the Conference of the Regions. Restaurants and bars, for example, will have to close their doors at 6 pm (but they will still be able to carry out a home delivery service), while gyms, swimming pools and wellness centers will be closed for at least one month (the DPCM will be valid from 26 October to 24 November) .

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