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IMU (municipal property tax) advance payment 2020

date: 11.06.2020
Area: Tax

The 2020 Budget Law confirmed the rules for paying the tax in two instalments, i.e. 16 June for the advance payment and 16 December for the balance, specifying that the first instalment is equal to the tax due for the first half of the year (albeit with the rates and deduction of the previous year) and not, according to the previous formulation whereby the tax due for the current year was divided into two instalments. For this purpose, it is provided that, at the time of the 2020 advance payment, the amount to be paid is equal to half of what was paid as IMU and TASI for 2019 while, at the time of the balance, the difference will be settled. The “Decreto Rilancio” provides that all those who own properties which are used as accommodation and tourist facilities are exempt from payment. Naturally, since this is essentially a cancellation (and not a suspension) of the instalment, the beneficiaries will be required to only pay the second instalment for 2020.

IMU (municipal property tax) advance payment 2020

date: 11.06.2020
Area: Tax

The 2020 Budget Law confirmed the rules for paying the tax in two instalments, i.e. 16 June for the advance payment and 16 December for the balance, specifying that the first instalment is equal to the tax due for the first half of the year (albeit with the rates and deduction of the previous year) and not, according to the previous formulation whereby the tax due for the current year was divided into two instalments. For this purpose, it is provided that, at the time of the 2020 advance payment, the amount to be paid is equal to half of what was paid as IMU and TASI for 2019 while, at the time of the balance, the difference will be settled. The “Decreto Rilancio” provides that all those who own properties which are used as accommodation and tourist facilities are exempt from payment. Naturally, since this is essentially a cancellation (and not a suspension) of the instalment, the beneficiaries will be required to only pay the second instalment for 2020.