News by tag Local Taxes Act

This article outlines the taxation regulations concerning vacation homes as per the Local Taxes Act, where revenue benefits the respective municipality or city. This discretionary tax, ranging from EUR 0.60 to EUR 5 per square meter annually, is separate from income tax on rental earnings. An amendment clarified that income tax payments do not exempt from vacation home tax. The Tax Administration reaffirms this stance, emphasizing the distinct nature of both taxes. Exceptions exist, and verification of residency is based on actual occupancy. Owners must submit property information by March 31, with tax payment due within fifteen days of assessment.