Government Confirms Property Tax Will Not Be Introduced In 2015
- by croatiaweek
- in Business
A proposed new Property Tax bill which was set to take effect last year looks like it will not take effect anytime soon with confirmation on Thursday that it will definitely not be introduced in 2015…
Presented last year, but shelved by the government, the new bill proposed a flat tax rate of 1.5% on 70% of the appraised value of a property introduced on all real estate in Croatia, replacing the current council utility charges. Tax breaks, up to a maximum of 95 percent, would be given for property owners who live in their properties, rent them out or use them for another purpose such as business. There would be no tax breaks for those who have homes that are not used, and the 1.5% tax rate would come into play for those real estate owners.
Yesterday Croatia’s Prime Minister Branko Grčić said that the question of a real estate tax being introduced in 2016 would be debated and that nothing would be implemented this year.
“We will see when we discuss reforms, but that certainly won’t be this year,” said Grčić.
