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Slovenia Introduces Property Tax

Politics ♦ Published: October 17, 2013; 18:37 ♦ (Vindobona)

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In order to reduce the massive fiscal shortfall, Slovenia is looking for new revenues. The property tax may bring more than € 400m.

Slovenia Introduces Property Tax / Picture: © Vindobona.org

Slovenia´s austerity measures and tax increases are achieving a new dimension. In order to reduce the fiscal shortfall, Slovenia´s government has resolved to introduce a property tax. Minister of Finance Uros Cufer explains that the tax revenues are expected to reach about € 390m. This corresponds to 1.2% of the country´s GDP.

Cufer announced that the tax rate will range…