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October 13 2012

Italian church to be stripped of tax exemption from 2013


The Church currently pays tax on several properties it owns that are commercial enterprises but is exempt if at least some of the activities on the property are "non-commercial" - for example a chapel in a hotel.

"The regulatory framework will be definite by January 1, 2013 - the start of the fiscal year - and will fully respect the (European) Community law," Prime Minister Mario Monti's government said in a statement late Tuesday.

The extra revenue from these exempt properties - including hotels, restaurants and sports centres - could be 25.5m a year in Rome alone, La Repubblica daily reported, citing official figures.

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