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People and companies will pay similar taxes for real estate


The government will modify the way taxes on property are calculated. So they will vary next year according to the destination of the building, compared to the present system which establishes different amounts for private persons and companies, Mediafax informs. “We will review taxes on property which will vary according to the destination of the property and not the tax payer,” says the letter of intention sent by the government to IMF.

In these conditions, the taxes paid by a private person or a company will be the same if properties have the same destination.

At present taxes on property are lower for private persons than companies.