- The Ministry of Finance plans to introduce a 21% VAT on construction land sales, expected to generate 3–4 million euros annually.
- The European Commission has pushed for this tax since 2015, aiming to stabilize real estate prices and increase budget revenue.
- Construction companies predict the tax will raise apartment prices by at least 50 euros per square meter.
- MP Zdenka Popović expects the new VAT will not increase housing prices and plans amendments to close legal loopholes exploited by construction companies.
- The tax will apply to the sale of newly constructed facilities, regardless of when the building permit is obtained.
Source: en.vijesti.me
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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