![]() Property tax is assessed on an annual basis at the level of the German municipality in which the real estate is located. ![]() The information needed to populate the tax returns may not be readily available and the new valuation models may vary depending on the federal state where the property is located, so owners of German real estate should consider taking action as soon as possible to gather the necessary information and become familiar with the new rules. All real estate will be valued as at 1 January 2022, based on information reported by taxpayers in property tax returns.Īs part of the reform of Germany’s property tax system, the value of all German real estate (including both residential and nonresidential property) will be recalculated as at 1 January 2022, based on information reported by taxpayers in property tax returns that currently are scheduled to be due by 31 October 2022.
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