REAL ESTATE TRANSFER TAX RETURN SERVICES OFFERED

Preparation and filing of real estate transfer tax return based on a power of attorney granted to the tax advisor
Review of a real estate transfer tax return prepared by client
Advisory in relation to specific issues identified in real estate transfer tax return, such as the whole process, tax exemptions, tax base, enclosures,…

REAL ESTATE TRANSFER TAX RETURN BASIC RULES

There is no tax period for real estate transfer tax.

Tax return should be submitted by the end of the third calendar month following the calendar month in which ownership change was recorded in the land registry.

A real estate transfer tax prepayment of 4% of agreed price should be paid.

The prepayment is due on the last day of tax return deadline.

If final tax is higher than the prepayment, the difference is due in 30 days after the tax assessment is delivered to the tax payer.