Slovenia’s Finance Ministry proposes new property tax lawAdriatic Journal 23 October 2018
The Finance Ministry in Slovenia has prepared a new real estate tax law which has been in the making for years. The proposal includes a 0.1% tax rate for residental properties while for commercial properties, other buildings and building land the tax would amount to 0.6% of the value. The same tax rate would apply to all residential properties, including rental and holiday homes. The proposal includes taking into consideration current effective tax rates, with the entire appraised value of the property serving as the taxable base. Agricultural land would be taxed at 0.15% and forest land at 0.07% as agreed in 2013. The ministry proposes that no properties should be exempt from paying the real estate tax, except for those that belong to international institutions. Slovenia recorded the highest increase in the prices for housing properties in all of the EU in the second quarter of this year both at the annual and quarterly rates, according to Eurostat. House prices in the Euro area rose by 4.3%, a 1.4% increase compared to the same period last year. In Slovenia, house prices rose at an annual rate of 13.5% and at a quarterly rate at 4.2%. The Finance Ministry announced the real estate tax will be introduced in 2020.
The world’s most famous travel website Lonely Planet has published a guidebook “Best in Travel 2019”, which contains recommendations on destinations to visit in 2019. In a selected group, two cities from the region have been included – Zadar in Croatia and Novi Sad in Serbia. The process of selecting the best destinations and trips involves a team of experts and members of the Lonely Planet community, who through a number of strict criteria select the best of the best in different categories. Zadar and Novi Sad were selected on the list of 10 most desirable cities to visit in 2019, alongside Copenhagen, Shēnzhèn, Miami, Kathmandu, Mexico City, Dakar, Seattle and McKinsey. This is Lonely Planet’s largest annual campaign in which, besides cities, countries and regions are also recommended, as well as the places with best value for money. In the latter category, Slovenia is recognised as one of the countries where travellers get the best value for money.
Dubrovnik in Croatia expects to secure new flights from the United States in 2020 after American Airlines launches a seasonal summer service from Philadelphia to the coastal city in 2019. Dubrovnik Airport anticipates the upcoming American Airlines’ service to be popular both with Croatian diaspora and American tourists, which will have a significant impact on the future increase of air traffic from the States, according to Frano Luetić, the general manager of Dubrovnik airport. American Airlines will operate its flights to Dubrovnik from June 7 until September 25 with its 209-seat Boeing 767-300ER aircraft. All three of the major US carriers – American Airlines, Delta and United – currently maintain codeshare flights to Dubrovnik through their respective partners.
During a three-day state visit to India by Croatia’s foreign minister Marija Pejčinović Burić, the two countries signed agreements to strengthen cultural and diplomatic cooperation between the two countries. During a meeting with India’s external affairs minister Sushma Swaraj in New Delhi, the two ministers discussed ways to step up cooperation in trade and investment, health, science and technology, education, tourism and culture. At the meeting, Burić reiterated Croatia’s support for India’s accession to the Nuclear Suppliers Group. Both sides affirmed a commitment to fight terrorism, its financing and safe havens.