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Property transfer tax reduced to 3%

seafront villa vis island

Good news for buyers! Property transfer tax is reduced to 3% as of January 1st 2019. This relates to all buyers, natural persons or buyers who buy through company.

Exempt from paying property transfer tax are buyers who buy from company a new built apartment which was not yet used. In this case seller who is company is obliged to pay VAT, therefore to avoid double taxation, buyer is not paying property transfer tax.