A.104492.pdf

The European Commission addressed a letter to the Italian Minister of Foreign Affairs and International Cooperation regarding State Aid SA.104492 (2022/N) – Italy, concerning an exemption from the contribution paid by employers under the Temporary Crisis Framework for State aid measures to support the economy following the aggression against Ukraine by Russia. Italy notified this aid measure on October 6, 2022, and provided additional information on October 28 and November 15, 2022. The measure aims to remedy the liquidity shortage faced by undertakings directly or indirectly affected by the economic disturbance caused by the Russian aggression against Ukraine. The aid is in the form of exemptions from payments of social security contributions, with an estimated budget of EUR 34.4 million, and is entirely financed from the State budget. The measure is open to employers of all sizes in specific economic sectors who suspended or reduced their activities due to the crisis, excluding credit institutions and financial institutions. The aid will be granted from the notification of the Commission's decision until December 31, 2023. Italy confirmed that the aid will not be granted to undertakings under EU sanctions and will not undermine the intended effects of these sanctions.