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Finance Ministry Extends Property Tax Deadline
The Ministry of Finance has extended the deadline for submitting real estate tax declarations until the end of next September, to give citizens an opportunity to benefit from the available facilities. These facilities include a 25% discount on residential units and a 10% discount on non-residential units, with an additional 5% discount for advance payments ranging from 200 to 1,000 pounds depending on the type of unit. Penalties for late payment will be waived if the principal amount of the tax is paid by October 2. Private residences valued at less than 8 million pounds are also exempt, provided that the exemption request is submitted electronically. For the first time, a single tax declaration will be accepted for individuals owning more than one unit. The initiative aims to simplify procedures, reduce burdens, enhance trust, and encourage voluntary compliance.
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