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Taxation in accordance with the real estate ownership

The tax imposed on real estate assets is 0.15% of their tax valuation per year. The valuation is in accordance with Addendum No 2 of the Local Taxes and Fees Act. Additionally, the owners of real estate properties have a rubbish collection fee /communal tax/ which is different depending on the local regulations of each region. The fee is determined every year by the municipal council.

More about Tax advice at: http://crowndevelopments.com/en/services/accountancy