Property tax is an obligation that arises based on the ownership of real estate, with taxpayers including individuals, legal entities, and entrepreneurs. This tax is determined based on the value of the property and is calculated in accordance with the Law on Property Taxes. Changes in the tax base, such as an increase in usable area or the termination of a tax exemption, require the submission of a new tax return
Amendments to the Rulebook on Property Tax Return Forms will take effect in 2025, introducing several key changes for taxpayers.
The first major change concerns the PPI-1 tax return, which now includes additional situations requiring submission. For example, a tax return will be mandatory when there is a change in the usable area of a property that was previously exempt from tax or when tax exemption ceases for a property that was initially intended exclusively for resale.
The Rulebook has been further aligned with new legal provisions, particularly regarding data entry in Annex-1. It specifies how tax exemption rights are recorded in cases where a building consists of multiple separate units owned by different individuals. In such situations, the land area eligible for exemption is calculated proportionally to the usable area owned by each individual.
Annex-1 has also undergone changes, especially in how the tax base is reported. From 2025, the construction value of a building must be recorded even if the taxpayer has not explicitly stated this value in their accounting records. Additionally, if the local government does not publish average property prices on time, the tax base will be determined based on the book value from the previous year.
All these amendments aim to enhance accuracy and compliance with legal regulations, impacting taxpayers’ obligations in 2025.
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