“CURA ITALIA” DECREE: THE MAIN MEASURES IN THE SHIPPING INDUSTRY
- Crisis Pigeon
- Mar 30, 2020
- 1 min read
Source: Watson Farley Williams
Originally published on: 27/03/2020
To address the sudden reduction in maritime traffic related to the carriage of goods and passengers, through the “Cura Italia” Decree (L.D. no. 18 of 17 March 2020), the Italian government has taken a series of measures which should have a positive impact on the shipping field and on port services. In this briefing we analyse the main measures taken.
"Anchor duties which are collected by port authorities for ships calling at Italian ports will not be applied from 17 March to 30 April 2020."
NEW MEASURES FOR THE SHIPPING INDUSTRY AND MARITIME TRANSPORT SECTOR INTRODUCED BY THE “CURA ITALIA” DECREE
The new measures will positively impact the shipping sector and port services, particularly:
Suspension of withholding tax and social security and welfare fees payments: the “Cura Italia” Decree includes operators in the transport of goods and passengers among the recipients of the measures, since the industry is considered one of the most affected by the COVID-19 pandemic. The resumption of payments shall take place, with no interest or penalties, either in a single instance by 31 May 2020 or in installments up to a maximum of five monthly payments of the same amount starting from May 2020 (article 61 of “Cura Italia” Decree);
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