On Friday 3 March, the European Commission ordered Italy to recover illegal State aid granted to certain non-commercial entities in the form of a real estate tax exemption.
The decision follows a 2018 judgment by the Court of Justice partially annulling a 2012 Commission decision declaring Italy’s tax exemption incompatible with EU State aid rules.
At the end of 2012, the Commission found that a former exemption from the Italian real estate tax (‘imposta comunale sugli immobili’) for...