Ministry of Finance: Sheds and basements have always been taxed

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    Ministry of Finance: Sheds and basements have always been taxed

    The Ministry of Finance has denied the news that from the New Year, the citizens of Serbia will be obliged to pay taxes on sheds, wells, cisterns, barns, pigsties, swimming pools and canopies, explaining that the real estate listed is now also subject to property taxation.

    “The proposed amendments to the Law reduce the tax burden for auxiliary facilities and expand the tax exemption for facilities intended for primary production. By applying the current legal provision, there is no basis for property taxpayers who do not keep business books, e.g. citizens, to realize tax exemption for facilities intended for primary agricultural production, if those persons are not at the same time taxpayers of personal income tax on revenues from agriculture and forestry”, it is stated in the Ministry’s announcement.

    Tax on sheds, pigsties, barns…

    In the amendments to the law on property that was published by the Ministry of Finance it is stated that from the New Year, the citizens of Serbia will have an obligation to pay taxes on sheds, wells, cisterns, barns, pigsties, swimming pools, even on canopies covering an area of more than ten square meters.

    Article 6a of the new law contains a revision of the taxable real estate, where instead of “garages and garage spaces”, the taxable real estate now includes the group “garages and auxiliary facilities”. Auxiliary facilities can be all the facilities that citizens have in their backyards, such as boiler rooms, basements, sheds for storage facilities for firewood, etc. They also include wells, swimming pools, reservoirs, cisterns, pigsties, etc.

    “For auxiliary facilities, the average prices per square meter of garages and garage spaces in the zones will apply determined based on the sale prices of such real estate in the zones or border zones in accordance with Article 6 of the Law on Property Taxes, i.e. the average prices of garages and garage spaces in the best equipped zone, if they were published by November 30, 2020, ” as the new Law on Property Taxes says, among other things.

    Izvor: BIZlife

    Foto: Pixabay

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