Business · Economy · 10 hrs ago

Federproprietà urges tax break tied to lower rents for Italian shops

Federproprietà urges tax break tied to lower rents for Italian shops

Federproprietà has asked Italy’s government for a tax break on commercial rents in the next budget.

The proposal would let landlords pay a simpler, lower tax on rental income, while requiring them to reduce rents for shopkeepers.

The association says this could help reopen empty premises and support small local businesses.

Italy lost about 156,000 retail and street-trading businesses from 2012 to 2025, according to figures cited in the story.

A previous projection warned that another 114,000 retail businesses could be lost by 2035 without new urban renewal policies.

Keeping local shops open can preserve nearby services and jobs, as well as help maintain community ties, especially for older people and those with limited mobility.

The government has not announced a decision; Federproprietà is urging it to include the proposal in the next budget.

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What people are saying

Giovanni Bardanzellu and Riccardo PedrizziFederproprietà president and head of its Finance and Treasury Sector
Every shutter that comes down leaves an emptiness in the economy and in the life of a neighbourhood.
via Corriere della Sera
The tax benefit must also help the person who keeps the shop open.
via Corriere della Sera
Riccardo PedrizziHead of Federproprietà’s Finance and Treasury Sector
Rents, utilities, labour costs and tax pressure weigh on businesses that have narrow margins and less ability to absorb rising costs.
via Corriere della Sera
Giovanni BardanzelluFederproprietà president
Defending neighbourhood shops means protecting jobs, services and social cohesion.
via Corriere della Sera