HOW TO REGISTER PROPERTY LEASE AND RENT CONTRACTS

Given that all agrements, regardless of the amount, are to be registered if the term is more than 30 days a year, property leases must be registered within 30 days from the date the agreement was drawn up or, if prior, from the first payment date.

HOW MUCH DOES REGISTRATION COST?

for urban property 2% of the annual rent
for urban property with negotiated rents*2% on the annual sum agreed to the extent of 70%
land*0.5%of the anual rent multiplied by the number of years
other property(areas) 2% the annual rent multiplied by the number of years

RENT CONTRACTS
The above refers to residential lease agrements (with a minimum term of 3 years extendable, by right, for a further 2 years) and lease agreements on transitory residential property which caters for the accommodation of university students (with a minimum term of 6 months and a maximum of 36).
The above is relative to property located in specific Municipalities termed as high“tensione abitativa”, the rent of which is defined according to criteria agreed upon by the different Landlord and Tenant Associations.


Land rent agreements, besides the ordinary way, can be registered by submitting, within the month of February, a report summarising the agrements that were entered into the previous year. In this case the tax is applied to the total compensations declared in the report and cannot be less than the fixed sum of Euro 67,0. If the summarised report is not used, tax will be applied to each agreement where the minimum sum to pay is always Euro 67,0.


The registry tax payable at the moment of registration can not be less than Euro 67,00.

As regards to multi-annual lease agreements, for which a tax for only the first year was paid on registration, payment must be made for all succesive years within 30 days from the expiry of each year at no extra cost to the tax payer. Payment of 2% of the annual rent can also be under Euro 67,00.

The security deposit is not subject to registry taxes. However,in the case of security covered by a third party not involved with the agreement, a tax proportional (0.5%) to the amount given as security deposit is payable.

Both the Landlord and Tenant are liable for payment of this tax.

People who choose to pay registry taxes due for multi-annual leases or sub-leases for the whole term at the moment of registration, have the right to a tax deduction, in percentage, equal to half the legal interest rate multiplied by the number of years.


If payment has been made for the entire term and the lease is canceled prematurely, you have the right to are fund of the years after the current one.

If the Landlord issues a VAT receipt for the rent he receives, the lease is not subject to registry tax and can be registered by paying the standard fee of Euro 67.00
 

FISCAL CODE (Codice Fiscale in Italian)

What is it? The Fiscal Code identifies a citizen in all his or her dealings with Public Authorities and Administrations. You have to contact your local Revenue office and exhibit an identity document to obtain this code. Foreigners require a valid passport or residence permit.

Infants require only a birth certificate or parent self-certification.
The only acceptable Fiscal Code is the one issued by the Revenue office. 

VAT NUMBER (Partita IVA in Italian)

The VAT numberi dentifies the tax payer carrying out an economic activity in all his dealings with Public Authorities or Administrations and with all other economic operators.

The VAT number is issued by the "Ufficio delle Entrate" upon setting up VAT status and remains the same until your business ceases to be. It must be shown on tax returns and any other document where requested.


For more information and updates: www.agenziaentrate.gov.it