Finance Ministry scrambles to correct property tax after error-strewn debut

EconomyMacroeconomy Tags: MoF, Property, Revenues, Taxes

After months of discussions and planning, the launch of the unified real estate property tax (ENFIA) earlier this month foundered on a number of problems, which caused the government embarrassment and left the Finance Ministry with plenty of revision work to do.

This tax is due to replace the emergency levy on homes introduced in autumn 2011, which was paid via electricity bills. The government lobbied the troika persistently to get the unpopular emergency tax incorporated into a general property levy because i...

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