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Overview of Real Estate Tax in Income Law
The article pertains to the House of Representatives' discussion of a bill submitted by the government to amend Law No. 91 of 2005 on income tax. The amendments specify a 2.5% tax on the total value of transactions involving real estate and lands designated for construction, whether these involve entire properties or parts thereof, regardless of whether the contracts are registered or not. The bill also sets deadlines for paying the tax within 30 days of the transaction and exempts certain cases, such as forced sales or expropriation. The aim of the amendment is to regulate the mechanisms for imposing tax on real estate transactions and to achieve tax justice.
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