According to the law, new legislative amendments are brought which will enter into force on January 1st, 2021specifying that tax on buildings owned by individualpersons and legal entities that are used for providing tourist services, for a period of at most 180 consecutive or cumulated days, during a calendar year, will be reduced by 50%.
This reduction applies in the fiscal year following the one in which this condition is fulfilled.
Also, another amendment refers to the tax on land owned by individual persons and legal entities that are used for providing tourist services, for a maximum of 180 consecutive or cumulative days, during a calendar year, is reduced by 50%. In this case also, the reduction is applied in the fiscal year following the one in which this condition is fulfilled.
