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Property Law changes. Discount on tax.

October 19th, 2015|

The 1980 Tax Immovable Property Law was amended by Law N. 140(I)/2015. More specifically, Law N. 140(I)/2015 amends Article 3.The approved amendment bill which suspends the deadline for the payment of the immovable property tax until the 30th of November 2015 gives the privilege of a discount of 17,5 %, to those who decide to pay the aforementioned tax until the 31st of October 2015. In case where payments are settled by the use of an online method or through a financial institution the new regulations allow for a discount of 20% on the total tax. LATEST UPDATES

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