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Italy Considers Suspending Mortgage Repayments Due to the Coronavirus

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The Italian Government is planning to push through a decree with measures to support the economy against the impact of the coronavirus, which will include the suspension of the payment of some taxes and bills, as well as of mortgage repayments for families.

The decree that contains this package of measures will be approved on Wednesday in the Parliament and will be applied throughout the country, according to the Italian Vice Minister of Economy, Laura Castelli. “There will be an important fiscal element with the suspension of the payment of taxes and withholding taxes.” Regarding the moratorium on the payment of mortgages, the vice minister said that “Everything will be suspended.”

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Translation/Summary: Carmel Drake