According to the amendment, a time extension has been granted for paying the immovable property tax with a 10% discount until 5 November 2013.

As a result of the above:

• Every person who settles its tax liability by 5 November 2013 will be provided with a 10% discount on the tax due.

• Every person who settles its tax liability between 6 November and 15 November 2013 will have to pay the full amount of tax due.

• Every person who does not pay the tax due by the deadline date (I.e. 15 November 2013) will be subject to an additional 10% charge on the tax due.