State to give support to landlords as well as tenants

Next week the Finance Ministry will announce the measures to support the landlords who have lost 40 percent of their rental revenues in March, April and May. Sources say the government is considering covering part of the losses through this year's tax declarations, while in 2021 they will only pay tax for the actual rent collected.

According to a top ministry official, the rent reduction measure is about to come to an end, and will only continue to apply to the few enterprises that will remain closed on government orders, with some companies set to be supported in this way until September. The cost the ministry will undertake is estimated at 500 million euros.

Sources say the ministry's plan for property owners collecting only 60% of rents provides for the horizontal sharing of losses through the tax obligations in the year's second half: Landlords will enjoy a drop...

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