NEWS

The Finance Ministry denies ownership tax

The Finance Ministry denies ownership tax

With an announcement, the Finance Ministry denied what is mentioned in articles about home ownership tax.

The announcement:
"There will be no income tax on imputed income from home ownership. The exemption is expressly provided in the law as to the income of 2013. It's also clearly stated on the new Income Tax Code in respect of income earned from 1st January 2014 and onwards. Consequently, the reports referring to home ownership tax bear no relation to reality".