A 0.5% registration tax applies to the assignment of credits as guarantees for financial lease payments agreed between the lessee and the leasing company. Therefore, the tax exemption provided by Presidential Decree 601/1973 for guarantees related to medium/long-term financing granted by banks and financial companies is not applicable. This is the ruling of the Supreme Court in judgment 23909/2024 – filed yesterday – in a case involving the assignment of credits that will be due from the Energy Services Manager (GSE) arising from the operation of a photovoltaic energy production plant leased under a financial lease.
