Law on Property Taxes to be Amended – New Charges for Auxiliary Facilities or Tax Exemption?
In the working version of the draft amendments to this law, published by the Ministry of Finance, along with building, agricultural, forest and other land, apartments, residential houses, office buildings and other buildings used for carrying out activities, as well as garages, auxiliary facilities are now to be subject to taxation as well.
This category includes wells, pools, reservoirs, cisterns, boiler rooms, cellars, heating fuel storage sheds, farm buildings (as defined by the law which regulates planning and construction), as well as canopies of over 10 m2 which are considered self-standing structures.
– The proposed amendments are to lower the tax charges on auxiliary facilities and expand tax exemptions for facilities meant for primary agricultural production. With the implementation of the current law, there is no basis for taxpayers who don't keep books, ordinary citizens, for example, to get tax exemptions for primarily agricultural production facilities if those persons are not at the same time taxpayers of the tax on personal income from agriculture and forestry – the Ministry says.
It is proposed, they point out, for all taxpayers who don't keep books to be able to be exempt from tax payment for said facilities (if they are not used by another person with a fee, for a period of over 183 days within 12 months).
– The main facilities (garages excluded) were put in the same group and taxed as the facilities in whose function they were. It has been proposed for auxiliary facilities to be put in the same group with the garages (also essentially auxiliary facilities). That would enable the principal amount of the tax for those facilities to be calculated by using the average prices of garages and auxiliary facilities in the same zone, whereby the tax charges for those facilities would be reduced – it has been announced.
The public discussion on the Draft Law on the Amendments to the Law on Property Taxes ends on November 4, 2020.
I. M.
Most Important News
06.04.2024. | Agriculture
Preconditions for Placement of Fresh Blueberries and Dried Plums in Chinese Market Secured
16.04.2024. | News
Jovan Ciric, Leasing Director Retail MPC Properties – MPC Echo symbolizes our desire for good ideas and innovative endeavors to spread freely and bring about positive changes
16.04.2024. | News
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
Creative Industry – What This Serbian Economy Sector Worth EUR 2 Billion Encompasses
10.04.2024. | Finance, IT, Telecommunications, Tourism, Sports, Culture
18.04.2024. | Industry, Finance
Here come the new hunters for Serbian gold – Australian Strickland Metals buys mining project on mountain Rogozna
18.04.2024. | Industry, Finance
16.04.2024. | News
Economy Fair in Mostar opens – 26 companies from Serbia exhibiting
16.04.2024. | News
18.04.2024. | Transport
Jovanovic: Purchase of Siemens trams produced in Kragujevac for GSP Beograd should be considered
18.04.2024. | Transport