Green light from the European Commission to incentives for 245 million euros to Italian companies in the textile, fashion and accessories sectors affected by the pandemic. The aid consists of a tax credit equal to 30% of the excess of closing stocks recorded in 2020 and 2021 compared to that recorded in previous tax periods. The aim of the incentives is to support companies that have experienced liquidity shortages as a result of Covid. The aid must not exceed 1.8 million euros per farm and will be granted by 31 December 2021.
