Abraham: The new property tax law will have great effect on its erection

The board notes the remarkable difference between the bill value that was sent to them this year and the minimum bill value that will go to people who own Commercial Property next year.

I'm saying we've raised the minimum value of property tax because the tax rate can increase and therefore I can increase the property tax bill. As you are aware, the mayors and the Association of Kosovo municipalities have rejected this law because they have taken into account the erection of tax bills on property, which is done by the Ministry of Finance through re-evaluation of property and without any consulting municipalities. This will have consequences on businesses because with the minimum property tax rate, more than 200% can be raised or business bills doubled, and if this rate is greater, which the law allows, then bills can also be raised by 300% or triple, but they can be mated. This will be a big burden for our businesses and may have a direct impact on economic development”, AKK Executive Director Samantha Ibrahimi said.

The Kosovo Communist Association requires once again from the central level to begin with the amendment of this law so that the new bill can be discussed with municipalities in the best of the citizens of the Republic of Kosovo”.