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Land And Housing Tax


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For everyone owning land and house through a company or who are renting it out must be aware that they must pay Land and housing tax at a rate of 12,5% over the actual yearly rental price or assessed yearly rental price before the end of February each year. Even if you use it as your own residence and the company does not receive income out of it you have to pay it.

As the government is going to cancel this tax soon and replace this tax for a new land and housing tax law they are likely going to collect it this year including over the years you have not paid this. It is the responsibility of the company to declare this. If you don't the government will assess the value higher than when you would have gone there yourself.

Check this with your lawyer or accountant.

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