Taxes & Payments

Annual Real Estate Tax (a tax similar to the Council tax in the UK) rates for cultivated land, uncultivated (for building) land, and non-residence purpose buildings are 0.1%, 0.3%, 0.2%, and 0.1% respectively. Tax payments are made in two equal installments in the period March-to-May and November each year and those are collected by the local governments. The tax base is annually updated by a coefficient determined by the Ministry of Finance taking into account the inflation rate.