Italy approves €3B package for tourism and culture amid COVID-19
The Italian government approved a €3 billion package to support tourism and culture, announced by Minister Dario Franceschini. Measures include tax relief for tourism businesses, IMU exemption for hotels, cinemas, and theaters, and grants for commercial activities in historic city centers. For culture, the package extends furlough schemes, increases emergency funds for cinema, museums, and cultural institutions, and allocates resources for heritage protection. Specific provisions include a 65% tax credit for tourism facility upgrades, a €1,000 contribution for self-employed and seasonal workers, and IMU exemption for cinemas and theaters for 2020-2022. The package also supports art cities with grants for businesses in historic centers and taxi/NCC services, and extends outdoor space occupancy fee exemptions for bars and restaurants until December 31, 2020.
Key facts
- Package worth over €3 billion approved by Italy's Council of Ministers.
- Minister Dario Franceschini announced the measures.
- Includes IMU exemption for hotels, B&Bs, campsites, cinemas, theaters, and spas.
- Tax credit for tourism facility upgrades raised to 65% with €180 million funding.
- Emergency fund for tourism businesses increased by €240 million to €265 million.
- Cultural emergency fund for cinema and audiovisual raised to €335 million.
- Museums and cultural institutions receive additional €65 million and €235 million respectively.
- Grants for commercial activities in historic centers of provincial capitals with high tourist presence.
Entities
Institutions
- Italian government
- Council of Ministers
- Mibact (Ministero per i beni e le attività culturali e per il turismo)
- Sna (Scuola Nazionale dell'Amministrazione)
- Scuola dei beni culturali
Locations
- Italy