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Deputy Finance Minister Announces Electronic Property Tax Declarations with Discounts
The Real Estate Tax Authority has introduced a new electronic application that simplifies the process of submitting property declarations, replacing the old paper-based methods that were carried out every five years. The app also allows payments via credit or debit cards and point-of-sale terminals. It offers a 25% discount on the tax for those who pay early before the deadline on September 30th, and this discount remains valid as long as the submission deadlines are met. Additionally, the maximum exemption limit for residential property has been increased from two million to 8 million pounds of the property's market value.
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