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Development drivers not related to moratoriums

The emergency situation required, and still requires, the government and institutions a considerable effort to ensure an economic and financial support for struggling companies. Support measures for businesses can be divided into: measures for liquidity; measures to increase corporate equity; and non-refundable allowances for those who suffered a decrease in turnover.

In this TopHic issue, we will analyse the effects deriving from the use of these measures as development drivers. In particular, the “Focus on” article will analyse the suspension of depreciations for FY 2020, which is aimed to ease the economic and financial situation of companies that are suffering a considerable drop in revenues due to the current situation.

Overview - Emergency situation and support measures to companies

By Marco Pane - Manager of Bernoni Grant Thornton

The emergency situation required, and still requires, the government and institutions a considerable effort to ensure an economic and financial support for struggling companies. Support measures for businesses can be divided into: measures for liquidity; measures for increase of corporate equity; and non-repayable allowances for those who suffered a decrease in turnover. [...]

 

Expert's opinion - Allowances to promote and support innovation

By Federico Feroci - Partner of Bernoni Grant Thornton

The many tax measures introduced over time to promote and support innovation offer some interesting opportunities to finance development projects and, more generally, to enhance companies’ intangible assets. Following the regulation on revaluation of corporate assets and the recently published response by the Lombardy revenue head office to ruling no. 904 [...]

 

Focus on - Suspension of fixed assets depreciation

By Alessandro Grassetto - Partner of Bernoni Grant Thornton

Within the many provisions issued to deal with the crisis generated by the COVID-19 pandemic to companies, the Italian legislator also dealt with the impacts of the crisis on the recording of financial statements values (e.g. the worsening of economic and financial ratings, or the incidence on shareholders’ equity losses). [...]