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20. 08. 12. - 12:00

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20. 08. 12. - 12:00

Minister: New property tax to come into force on 1 January 2013

Croatian Times

Croatia's Minister of Finance has confirmed on the weekend that Croatia will introduce a new property tax, effective from 1 January 2013, reported daily newspaper Jutarnji list.

Slavko Linic has said that the new tax, which will bring Croatia into line with the majority of European countries, will be introduced in three phases and will replace local rates. "We need a year to determine the values of construction and agricultural land, and then we will introduce the new tax in three phases".

Linic, who says that the new property tax will bring Croatia into line with other nations in the EU, says that the it is not a 'money collection' scheme, but something that is needed for Croatia's development as they are set to join the EU.

Minister Linic pointed out that the new tax will be based on the "value of the real estate" and not "per square meter". Linic also stressed that those with unused property would be affected the greatest.

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