The period for paying the last installment of IMI over 100 euros runs until Tuesday, as it is the first working day after the end of the official deadline of November 30th, the Ministry of Finance reported this Monday.
The Municipal Property Tax (IMI) ‘invoice’ is automatically divided into two or three payments depending on whether its value varies between 100 and 500 euros or exceeds 500 euros, with the deadlines running, respectively, in May and November or in May, August and November.
Although the default deadline for paying the last IMI installment – whether for taxpayers who pay it in two or three installments – is November 30th, the Ministry of Finance told the Lusa agency that, as this date coincides with a Sunday and today is a public holiday, it is still possible to pay the IMI until Tuesday.
The IMI rate is set annually by local authorities within a range that varies between 0.3% and 0.45% for urban buildings (a concept that includes land for construction), with the tax being calculated by the Tax and Customs Authority (AT) based on the rate communicated to it and the tax asset value of the properties.
For rustic buildings, the IMI includes a single rate of 0.8%.
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