Budget-Finance Committee endorses Fiscal Code draft

Deputies in the Budget – Finance Committee yesterday endorsed the Fiscal Code draft by a majority vote, with a series of amendments. These modifications primarily regard the levying of excise duties on some products, the taxation of micro-enterprises, of real estate transactions, the farming tax and maintaining a 9% rate of VAT. The draft was approved with 11 votes “for”, 6 “against” and no abstentions, and is to be discussed today in the plenum of the Chamber of Deputies. The Budget – Finance Committee of the Chamber of Deputies also approved the taxation system for the real estate transactions, which introduces a tax of 3% of the value of the property. The draft modifying the Fiscal Code, which was approved by the Government, entails a 16% quota levied on the difference between the sale price and the buying price. The committee proposes the elimination of the stamp charge, of 1% and its inclusion in the tax.