The August Decree just stamped by the State Accounting Office (which has therefore certified that all measures have adequate financial coverage) it includes measures in favor of small and medium-sized enterprises and VAT numbers. In particular, one of these was not expected at all. The Executive has in fact decided to refinance the tax credit for the rental of properties for non-residential use and business leases.
Initially, the Cura Italia Decree and the Relaunch Decree provided that the tax bonus for rents paid by companies and professionals was limited to the month of May. With the August Decree, on the other hand, the incentive underwent a double extension and the procedures for granting (and transferring) the tax credit recognized by the tax authorities for production activities were revised.
Renewed business rental bonus: the news of the August Decree
As mentioned, the most interesting novelty introduced with the August Decree concerns the extension of the rental bonus beyond the month of May. For commercial rentals, the tax incentive has been extended until June, while for rentals related to tourism sector activities, the tax incentive will run until July.
Compared to version of the Relaunch Decree, however, it has been modified in several respects. Specifically, the tax credit tool has been enhanced and, at the same time, the possibility of assigning the credit to the lessee was confirmed. Those who opt for this solution could transfer the rental bonus (equivalent to 60% of the monthly rent) to the owner, in exchange for a discount on the rent of the same amount (in short, like the discount on the invoice for the Ecobonus 110%).
Business rental bonus: who can take advantage of the tax incentive
The August Decree confirms all the necessary requirements to be able to take advantage of the tax relief on commercial leases. Companies or professionals who want to use it, first of all, must have a annual turnover of less than 5 million euros. If not, the bonus will be reduced to 20% of the monthly rent paid.
Another condition to be respected concerns the loss of turnover. The company or freelancer will have to prove that they have undergone one revenue decrease of at least 50% compared to the same month of 2019. To obtain the June bonus, therefore, the monthly turnover must be half of the one recorded in June 2019.
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