Factsheet for measure
IT-2020-10/1372
–
Updated
– measures in Italy
Rental bonus for businesses and professionals
Bonus affitti per imprese e professionisti
Background information
In order to support businesses and professionals affected by the economic consequences of the COVID-19 pandemic, Law Decree no. 34 of 19 May 2020 (art. 28) introduced a rental bonus in the form of a tax credit amounting to 60% of the monthly rent, lease or concession of real estate for non-residential use.
Content of measure
The tax credit is granted to subjects exercising business activities, arts or professions, which have a turnover below €5 million and which have suffered in the months of March, April and May 2020 a decrease in turnover or fees of at least 50% compared to the same month in the previous tax period.
Hotels and agritourism facilities can take advantage of the tax credit regardless of the volume of revenues and fees recorded in the previous tax period.
The tax credit is also due to non-commercial entities, including third sector entities and civilly recognised religious entities, in relation to properties for non-residential use intended for the performance of institutional activities.
Updates
The following updates to this measure have been made after it came into effect.
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28 October 2020
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Law Decree no. 137 of 28 October 2020 (art. 8) extended the rental bonus for the months of October, November and December and to those activities with a turnover higher than €5 million. The measure is part of a wider set of measures intended to support those economic activities affected by the new restrictions ordered for containing the spread of the COVID-19 contagion.
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Use of measure
No information available.
Target groups
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Workers
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Businesses
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Citizens
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Self-employed
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Applies to all businesses
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Does not apply to citizens
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Actors and funding
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Actors
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Funding
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National government
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National funds
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Social partners
Social partners' role in
designing the measure
and form of involvement:
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Trade unions
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Employers' organisations
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Role
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No involvement
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No involvement
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Form
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Not applicable
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Not applicable
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Social partners' role in the
implementation, monitoring and assessment phase:
-
No involvement
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Main level of involvement: N/A
Involvement
No involvement of the social partners.
Views and reactions
No specific information available on the measure.
Sources
