Cabinet rejects initiative to raise property tax exemptions
EUR/MDL - 20.13 0.1543
USD/MDL - 17.39 0.3069
VMS_91 - 3.03%
VMS_364 - 9.54%
BONDS_2Y - 7.40%
GOLD - 4,216.50 0.06%
EURUSD - 1.16 0%
BRENT - 107.14 8.65%
SP500 - 741.75 0.54%
SILVER - 68.02 0.15%
GAS - 2.94 6.14%

Cabinet rejects real estate tax initiative

The Government did not support the initiative of MPs, which envisages a triple increase in the limits for exemptions from real estate tax, currently in force in Moldova. This refers to real estate intended for housing (apartments and individual houses, adjacent land plots) in municipalities, towns and villages.
Tatiana Sichirliiscaia Reading time: 1 minute
Text size
Link copied
недвижимость

Кабмин отклонил инициативу по налогу на недвижимость Источник: logos-press.md https://logos-pres.md/ru/novosti/kabmin-otklonil-inicziativu-po-nalogu-na-nedvizhimost/

As logos-press.md previously reported, the draft was prepared by a group of Communist MPs on the basis of the principle of conformity, which, as its authors noted, applies in similar cases. Since the assessment of real estate objects implies a potential 2-3 times increase in the real estate tax, they proposed to increase the exemption limits at the same time. Especially since the thresholds, as well as the value of real estate objects, have not been revised for more than 15 years.

The government’s opinion notes that in the process of drafting the tax and customs policy for 2027, the Finance Ministry will revise the regulatory framework related to the taxation of real estate. Given this fact, it does not support the initiative.

The Cabinet of Ministers intends to support the projects that concern the re-introduction of maximum rates and the exclusion of minimum rates of real estate tax, as well as the transfer of powers to local authorities to establish the categories of individuals who can enjoy exemption or reduction of real estate tax and the amount of these benefits.

The government’s response also notes that the process of real estate valuation and revaluation at the national level has not yet been finalized. Therefore, in the absence of a final cadastral value, changing the value thresholds applied for granting tax exemptions is premature and insufficiently justified.


Follow our updates


Реклама недоступна
Related*
More from author*

We always appreciate your feedback!

Latest news
Popular now*
Must Read*