Home » Business » Government Confirms Property Tax Will Not Be Introduced In 2015

Government Confirms Property Tax Will Not Be Introduced In 2015

vilaA 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.

Share on:
0 / 5 (0 votes)

Related Posts

14 Nations Still Yet to Recognise Croatia

Over 25 years ago, on 15 January 1992, 12 countries making up the European Community – France, Germany, Italy, Belgium, Netherlands, Luxembourg, Great Britain, Denmark, Ireland, Greece, Spain, Portugal – finally recognised Croatia as an independent state. Whilst most of the world followed suit, there are still a handful of nations who have yet to...

Kaltenberg Building Brewery & Restaurant in Croatia

Beer manufacturers Kaltenberg are to invest 10 million euros in a production plant in the north-west of Croatia. Kaltenberg Adria are currently constructing a brewery in Kukuljanovo in the Bakar industrial zone, which is located around 15 km from the city of Rijeka. The brewery will open up between 40-50 new jobs, and as well...

Andrea Bocelli Confirms Zagreb Concert

Famous Italian tenor and singer-songwriter Andrea Bocelli has confirmed he will perform a concert in the Croatian capital Zagreb next year. Bocelli, who became blind at the age of twelve following a football accident, will perform at Zagreb’s Arena on 10 March 2018. The concert, which will mark International Women’s Day, will be Bocelli’s fourth...

Croatian Street Artist Brightens Up China with Giant Mural

One of Croatia’s top street artists, Zagreb-based Lonac, was invited to China to take part in the Walkstar Festival. Whilst in Nanxian Lonac completed his first ever mural in Asia titled ‘Does or Doesn’t’. A master at realistic pieces on a large scale, the Croatian artist was recently included in Widewalls annual list of the...