The amendments are intended to address gaps that emerged during the law’s implementation and to account for taxpayers’ social and economic conditions, according to the bill’s explanatory memorandum, which cites Article 38 of the Constitution.
The government said the changes aim to simplify procedures related to filing tax declarations, paying dues and penalties for late payment, while supporting the digitalization of property tax administration as part of a broader push toward digital governance.
The draft law consists of three substantive articles, in addition to a publication article.
Article One replaces a number of provisions in the existing law, including Articles 4 (first paragraph), 14, 16, 17 (fourth paragraph), 18 (first paragraph, item “R”), 19, 20 (first paragraph), and 21.
Among the key changes, the amended Article 4 stipulates that any new assessment of the annual rental value of built properties will take effect immediately upon the expiry of the previous assessment period.
The bill also requires reassessment procedures to begin no earlier than three years and no later than one year before the end of each assessment cycle, giving the Real Estate Tax Authority time to complete valuations before the new period takes effect.
The legislation will now move to the next stage of the constitutional legislative process.
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