News

Italy: Debt settlement, EU farmers ask to reopen settlement of up to 120 installments in our country

Italy
Regulation & Compliances
Sustainability & Environmental Impact
Innovation & Technology
Published Feb 27, 2024

Tridge summary

The Ministry of Finance is being urged to extend the regulation of tax and insurance debts for farmers and breeders until 2024 due to financial difficulties caused by climate change in 2023. The regulation would provide benefits such as releasing bank accounts and suspending enforcement measures. The European Commission has recognized income losses due to climate change, and debt settlement is a demand of EU agricultural organizations. Ettore Prandini, president of the Italian agricultural trade union Coldiretti, has called for a comprehensive settlement of agricultural debts and suggested using a portion of the EU funds allocated to Ukraine to purchase and store Ukrainian agricultural products in European warehouses.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

Apply for 2024 also the regulation of tax and insurance debts, up to 120 installments, with the aim of enabling the farmers and breeders of our country to continue producing. The Ministry of Finance should consider inclusion in the regulation of farmers due to the financial problems experienced in 2023 due to climate change. We remind you that the previous regulatory regime concerned overdue debts for the period from November 1, 2021 to February 1, 2023. Being subject to the regulation implies a series of benefits for the debtor farmers, such as the release of bank accounts, the granting of proof of awareness, the suspension of enforcement measures. The disasters caused by the weather, the damage caused by rains and also the unfruitfulness of many crops, result in income losses for the producers of our country. That there are income losses due to climate change has also been accepted by the European Commission and debt settlement is one of the demands of the EU agricultural ...
Source: Agrotypos
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