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1. For individuals who obtain rent income: income tax and health insurance contributions exemption
Income obtained by individuals from rental/sub-rental or usufruct agreements in 2020 is non-taxable from an income tax and health insurance contributions point of view. This facility applies where the amount obtained in the year 2020 is at least 30% lower compared with the corresponding value for February 2020.
These facilities also apply to individuals who in 2019 obtained income from more than five separate rental agreements and who, as of 2020, report this income as derived from freelance activities.
2. For taxpayers subject to corporate tax or microenterprise tax
Income from rental/sub-rental or usufruct agreements obtained by corporate or microenterprise taxpayers is only 80% taxable. This facility applies:
- if the amount obtained in the year 2020 is at least 20% lower compared with February 2020
- if the income is derived from agreements concluded for reduced rental values
- for the duration of period for which the rent reduction was negotiated, but not beyond 31 December 2020.
Source: Law no. 62/2020 on the application of exemptions from rent payment during the period of the state of emergency, published in the Official Gazette no. 425 on 21 May 2020.
