On October 24, 2024, the Emergency Ordinance no. 124/2024 on the extension of certain deadlines and the strengthening of administrative capacity in the field of property taxation was published in the Official Gazette.
The Ordinance provides that the taxation at market values of the real estate properties will be postponed for year 2026. Thus, until the end of 2025, the current computation system of local taxes will continue to apply.
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