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Real-estate tax… Hurray!!! Not to be paid in 2013!!!

On the 4th of July, 2013, Verhovna Rada of Ukraine adopted the Law on Amendments to the Tax Code regarding residential real estate at the second reading. Under the law # 2405, individuals will pay a tax for the current year in 2014.

Under the law, sizes of residential real estate, to which tax benefits will be applied, have also been reconsidered. They will be applied to owners of apartments with total area not more than 120 sq.m., houses with total area not more than 250 sq.m., apartments and houses starting from 370 sq.m.

Those Ukrainians having already paid real-estate tax have a possibility to get paid money back if they submit an application to tax office of local authorities. There are no reasons to worry, Ministry of duties and revenue reports. Taxpayers have three years for applying for getting their money back.

Tax officers added that paid money could be credited for tax payment in 2014. As for reasons of adopting such a law, officials explain that they need time for forming taxpayers list.

Real estate agency "Teren Plus". Luxury apartments for rent in Kyiv downtown, apartments for daily rent. Property rent, houses for rent, offices for rent. Property management, relocation services.
July, 2013

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