IMU and TASI balance for the year 2019

December 16th is the deadline for the payment of the IMU (property tax) and TASI (city service tax) as a balance for tax year 2019, with regard to real properties held during 2019.

The IMU is a property tax that relates to land and buildings and is due either by the owner or the holder of any other right in the property. Principal residence, building areas, and agricultural lands are exempted from this tax.

The TASI is a tax related to general services rendered by the municipality, and it is due by the holder of the property (land or building). Principal residence and agricultural lands are exempted from this tax.
The IMU and TASI are due each year in proportion to the share of ownership in the property and in proportion of the period of possession.

The calculation of the balance of the above taxes is based on the 2019 tax rates approved by the specific Municipality at issue, and published by the MEF, while the downpayment made in June was calculated on the rates established by the Municipalities for 2018.

Please do not hesitate to our Professionals for further information and clarifications on this issue.