Newsalert Tax Department | Tax credit related to fees for the use of non-residential properties
Article 28 of the Law Decree no. 34 of 19 May 2020, which shall be converted into Law within 18 July 2020 (“Decree 34”), sets out a tax credit equal to 60% of the monthly fees paid for the use of real estate properties (different from residential properties) to carry out business activities, including agricultural activities, touristic activities or professional activities.
On 6 June 2020, the Revenue Agency released the Circular letter no. 14/E (the “Circular”), which provides guidelines on the tax credit.
The Alert analyze the guidelines.