Tax revenues (up 10.4%) contributed significantly to this result, especially those related to real estate (IMI+IMT). In total, municipal property tax (IMI) and municipal transaction tax (IMT) revenues generated more than $2.7 billion in chamber coffers. The importance of this income is so significant that, for example, in the Lisbon Chamber, the collection of real estate sales tax (IMT) is 19% of the total collected throughout the country.
Author: Miguel Alexander Ganan([email protected])
Source: CM Jornal
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