Measures to support the liquidity of companies: assignment of receivables and conversion of DTAs into tax credits
21 April 2020

The Cura Italia Decree entitles companies that sell NPLs to third parties by 31 December to convert DTAs into immediately usable tax credits – even if the DTA in question is not recorded in the financial statements.

The tax credit can be: (a) used to pay taxes, withholding taxes and social security contributions; (b) sold (intra-group or to third parties); or (c) claimed as a tax refund.

If you would like a copy of the breakdown of the liquidity measures prepared by our Tax team, in coordination with the Covid-19 Task Force, just email