New local tax for real estate developers in Slovakia

Realopedia Global Real Estate Portal

    If you are a real estate developer or are going to build a family house in Slovakia, your costs may increase due to new “development fee” introduced by the Act No. 447/2015 Coll. on Local Fee for Development and on Amendments and Supplements to Certain Acts (the “Act”). The Act gives the municipalities a right to introduce by their local regulations a new fee that applies in case of the construction or reconstruction of a ground structure in its territory. The payer of the fee will be the constructor that is constructing or reconstructing in the territory of the municipality, e.g. real estate developers but also individuals building or reconstructing their house.

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Source : New local tax for real estate developers in Slovakia