By the twentieth day of the month that the reduction concerns, the COVID declarations will be submitted to the AADE for the optional rent reduction, after an electronic amending declaration has first been submitted, for the period from September to December 2020.

The recent letter from POMIDA-ESA to the Ministry of Finance to clarify as soon as possible which KAD will be subject to the optional rent reduction regime, so that the interested parties can quickly make their decisions, but above all the successive steps and the insistence of POMIDA to end the forced rent reductions, and to extend the optional ones, it seems that they took place.

Decision A.1213/2020 of the Ministry of Finance was published in the Official Gazette, which identifies the affected businesses that can be exempted from the obligation to pay at least of 30% of the total rent for the month of September 2020, as long as an agreement is reached between the lessor and the lessee and it is posted on the relevant Taxisnet application.

The drama of real estate owners seems that it will not have a short end, especially when the reduction of rents of main and student residences returns. Despite the strong objections of POMIDA, public and non-public, to a new bill by the Ministry of of Finance, which was submitted to the Parliament, includes important provisions of the Ministry of Finance’s competence, which refer, among other things, to the reduction of rents, professional and residential, as well as to measures to support landlords, both when this reduction is mandatory and when it is voluntary (optional) until 31.12, according to POMIDA’s proposal, but without yet specifying which activity codes (CA) each category concerns.