Property tax agreed after walk-out

Oct 21, 2009
Staff and wire reports

RIGA - The new property tax proposed as part of the government's efforts to bridge a yawning gap in next year's budget will most likely be set at 0.1 percent of the cadastral value of the residence, reports news agency LETA. Finance Ministry estimates show this new rate would add about 6.5 million lats (9.2 million euros) to the national budget. The government agreed today that property tax would be applied to all apartments and private homes starting next year. The government needs to cut n ...

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