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Turkey: Parliament Passes Amendments to New “Valuable Real Estate Tax”

(Feb. 28, 2020) On February 14, 2020, Turkey’s Parliament adopted Law No. 7221, which, among other things, amends several provisions of the Real Estate Tax Law (Law No. 1319). The provisions in question were only recently introduced last December by Law No. 7194. The provisions of Law No. 7194 had introduced an annual “Valuable Real […]

Turkey: Digital Services, Accommodations, and Valuable Real Estate Taxes Introduced

(Jan. 14, 2020) On December 5, 2019, Turkey’s parliament passed Law No. 7194, which, among other things, introduced three new taxes. The Law, which was published in the Official Gazette on December 7, provides for a “digital services tax,” an “accommodations tax,” and a “valuable real estate tax.” Digital Services Tax This tax is assessed […]

Thailand: Land, Building Tax Draft Considered

(Sept. 5, 2017) Thailand is considering changes to its land and buildings tax, including a provision to allow local authorities in the future to appraise property values. The current system in which sometimes rental income is used to determine tax liability will be ended.  A draft bill on the subject, prepared by the Council of […]

Japan: New Law and Tax Measure to Promote Demolition and Reuse of Abandoned Houses

(Dec. 5, 2014) Japan has recently taken two measures that apply to the management of vacant housing. Abandoned houses may collapse, be fire traps and sanitation hazards, and disturb the look of the neighborhood. Strangers may sneak in and live there. (Takeshi Fukuda, Akiya mondai no genjo to taisaku [Current Situation of Vacant Houses and […]