Purpose of the regulation which introduced the benefit of the non-refundable contribution
The D.L. n. 34/2020, read “Urgent measures in the field of health, support for work and the economy, as well as social policies related to the epidemiological emergency from COVID-19”. Among the numerous provisions designed to deal with the health and economic emergency, it has also provided for specific tax and financial measures that affect companies.
To this end, the economic instrument introduced by the decree is a non-refundable contribution. It is envisaged in favor of subjects carrying out business activities, self-employment, agricultural income, VAT holders, in an economic and liquidity crisis. Therefore, since the compensation is non-refundable, there is no obligation to return. It is recognized for companies, artisans and traders who recorded a drop in turnover in April 2020 following the spread of Covid-19.
The purpose of the regulation is, therefore, to support these categories, by delegating the bonus to the Revenue Agency. The entity will also deal with the recovery of any unduly received compensation.
Therefore, although it is a non-refundable allowance, strict control and sanctioning measures are envisaged. In conclusion, in a time of serious health and economic emergency, the legislator intended to provide a completely new tool with a strong potential. It must be achieved by all those admitted and seriously damaged by the economic and health situation.