Rome

Firms owed money by State to get to pay taxes in instalments

Companies must have proof to benefit

Firms owed money by State to get to pay taxes in instalments

Rome, September 13 - The draft of the Italian government's second 'to do' growth-boosting decree contains a measure enabling companies to pay their taxes in installments if they are owed money by the public sector, according to a copy of the document that was obtained by Ansa. The companies wishing to benefit from the measures will need to provide official certification reflecting the State credits. The first Italian 'to do' decree was introduced last month in a bid to boost the recession-ridden Italian economy. Amongst other things, it included measures to cut red tape and free up around three billion euros for public works projects this year as well as a plan to create 30,000 temporary construction jobs. It also allocated money to finance improvements to the national rail network, school buildings and roads and cuts energy bills by a total of 550 million euros too.

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