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The news focused on the details of the new incentives package and tax facilitation measures announced by the Real Estate Tax Authority. The goal is to encourage citizens to comply with their tax obligations by offering discounts of up to 30% on due taxes. The deadline for submitting tax returns has been extended until the end of December 2026 to give taxpayers the opportunity to benefit from these incentives, with the exemption threshold raised from 2 million to 8 million pounds for residential properties. It is required that each property owner or operator, except for tenants, submits the return. Tax payments can be made and submitted through the electronic application from anywhere. Future services will include tax appeals and the issuance of official documents.
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