- The Ministry of Finance is proposing a 21% VAT on the sale of construction land to align with EU directives and prevent tax evasion.
- This new tax is expected to increase real estate prices by at least 50 euros per square meter.
- The measure aims to boost state budget revenues by 3-4 million euros.
- The change addresses common practices where land value is inflated in contracts to reduce tax liability.
- Public debate on the draft amendments is open until December 14.
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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