Corona news flash| Municipal taxation
We are pleased to update you that in the context of the Coronavirus related financial aid program, a framework was conceived for the temporary reduction of municipal taxes (Arnona) in the business sector, whereby businesses will benefit from a 25% discount on their Arnona until the end of the 2020 financial year.
This discount will be given, inter alia, for properties which are classified, for the purpose of Arnona, as offices, services and commerce, manufacturing, workshops, hotels, parking lots, etc.
For full details please see the attached client update: CLICK HERE
We are pleased to update you that in the context of the Coronavirus related financial aid program, a framework was conceived for the temporary reduction of municipal taxes (Arnona) in the business sector, whereby businesses will benefit from a 25% discount on their Arnona until the end of the 2020 financial year.
This discount will be given, inter alia, for properties which are classified, for the purpose of Arnona, as offices, services and commerce, manufacturing, workshops, hotels, parking lots, etc.
For full details please see the attached client update: CLICK HERE
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