The Ministry of Finance (MoF) has issued on the 3rd June 2024 the decision # 644/1 in application of the article 86 of the 2024 Budget Law # 324, that amended the article 45 of the income tax law and its amendments. Exceptionally, the capital gain tax on the disposal of real estate properties is reduced to 1% [instead of 15%] for individuals, NGOs and entities exempted from tax as well as professionals not involved in the trading of real estate properties, until the 31st December 2024 (inclusive).
