Bellerage Alinga

PIT benefits become available for non-residents

PIT benefits become available for non-residents

 

Starting from January 1st, 2019 tax non-residents will be exempted from PIT (personal income tax) upon sale of property, if the period of ownership exceeds the minimal term.

Sale of property is exempted from PIT if the period of ownership exceeds 3 or 5 years (depending on the terms of purchasing the property). However, before 2019 this rule was only applicable for tax residents.

If property is sold earlier than 3 or 5 years, the corresponding income is taxed with PIT 13% for residents and 30% for non-residents.