FAQ on tax aspects
Has the 2020 Stability Law also introduced amendments regarding my long-term lease agreement?Italian Law Decree no. 124/2019 introduced a significant amendment concerning the payment of vehicle property tax on vehicles provided under long-term lease agreements without a driver (i.e., vehicles leased for at least 12 months). As a result of the amendment, as of 1 January 2020 the vehicle property tax is to be paid not by the vehicle owner, but by the lease company customer (i.e., the lessee-user). Specifically, exclusively the customer is required to pay the vehicle property tax for the leased vehicle to the Region (or Autonomous Province) in which its registered office or residence is located, starting from the delivery date of such vehicle and until the expiry of the relative agreement. This rule was definitively implemented only by an additional Decree issued on 28.09.2020.