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Minister Changes Tune On New Property Tax

The Croatian government has changed it’s tune on its proposal to introduce a new property tax on all properties and will instead, from the first of April, introduce a new tax that will replace the current local government council and utility fees, in a bid to financially stabilize local government, announced Finance Minister Slavko Linic.

“We have decided not to pursue the tax on property, because we need stability in the banking system, and we did not want to touch the interest, and taxed dividends would affect investors”, said Linic at the EUforija conference.

The new tax which will be introduced on 1 April, will be in line with current council charges. Time will tell when 1 April rolls around how much the new tax will be, as speculation in the media has been rife, but Linic assures the public that there will not be a significant increase.

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