The planned re-basing of immovable property tax onto current values has been deferred after a draft law introducing a single rate of tax on current values failed to secure parliamentary support, and for 2014 the tax will continue to be based on 1980 values.

Some minor amendments have been made for 2014. The person in possession of the property will be liable for immovable property tax regardless of whether the property is registered in their name, except where the non-registration of the property is for reasons outside their control. The due date for payment is 30 November, and there is a 15% discount for those paying 30 days before that.

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