The purpose of the Act is to amend the Tax Code in order to remove the uncertainty regarding the interpretation of the exemptions for buildings and land used for the provision of tourist services.
In conclusion, since 2021, both the building tax and the land tax owned by individuals and legal persons that is used for the provision of tourist services, for a maximum duration of 180 days in a calendar year, is reduced by 50%.
The reduction applies in the tax year following that, in which this condition is met and the Law enters into force on 1st January 2021.