The law amending Articles 458 and 460 of the Fiscal Code and Article 47 of the Fiscal Procedure Code has been adopted.
Thus, if the owner of the building does not submit the valuation report to competent tax authority by the first deadline for payment of tax, tax is calculated by applying the rate of 2% on taxable value, provided that the owner of the building has been notified by the competent tax authority about the possibility of submitting the valuation report. The notification is communicated to the owner of the building by publishing it in virtual private space or by post. Deadline by which the notification must be communicated is 31 October current year for tax due from the following year.
If the owner of the building has not updated the taxable value in the last 5 years prior to the reference year, the rate of building tax is 5%, provided that the owner of the building has been notified by the competent tax authority about the possibility of submitting the assessment report. The notification is communicated to the owner via virtual private space or by post, and deadline for notification is 31 October current year.
Also, if the owner of the building has not updated the taxable value in the last 5 years preceding the reference year, difference in tax will be owed by the owner of the building, provided that the owner is notified.
For local tax body, local council may decide to use the means of remote transmission used by the central tax body by adhering to its specific working procedures. Building tax/tax due/payable is applicable to owners from January 1st 2023.
