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Sun Oct 14, 2012, 12:41 AM

Catholic Church To Lose Historic Property Tax Exemption In Italy [View all]

Source: RT

RT
Published: 13 October, 2012, 11:38



The Basilica of St. Bartholomew, located on the
island Isola Tiberina in Rome. (AFP/Vincenzo Pinto)


Italy’s Catholic Church will be forced to pay taxes starting in 2013 after the EU pressured the country’s government to pass a controversial law stripping the Church of its historic property tax exemption.

­The Catholic Church in Italy is excluded from paying taxes on its land if at least a part of a Church property is used non-commercially – for instance, a chapel in a bed-and-breakfast.

"The regulatory framework will be definite by January 1, 2013 – the start of the fiscal year – and will fully respect the Community law," Italian premier Mario Monti's government said in a statement on Tuesday.

The move could net Italy revenues of 500 million to 2 billion euros annually across the country, municipal government associations said. The extra income from previously exempt properties in Rome alone – including hotels, restaurants and sports centers – could reach 25.5 million euros a year, La Repubblica daily newspaper reported.


Read more: http://rt.com/news/italy-church-tax-exemption-339/

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