TIRANA, July 7 /ATA/ The General Directorate of Taxes announced that €104.3 million is the fiscal cost saved by citizens and businesses from the implementation of the reduced 5% tax on the revaluation of real estate.

 These figures refer to the period March–June of this year, within the framework of the revaluation of immovable property.

 The revaluation has enabled individuals and businesses to benefit from the reduced rates provided by law, significantly lowering the fiscal cost they would otherwise pay in the event of property transfer.

The property revaluation process allows both individuals planning to sell real estate and those whose properties are registered below market value to benefit from reduced tax rates.

 According to the tax administration, the deadline for carrying out the revaluation ends on December 31, 2026.

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