Draft law introducing measures for reviving building construction sector as from 2024 presented to Parliament

On 9 February 2024, a draft law introducing various measures to revive the building construction sector was published. It follows an announcement of the government dated 31 January 2024. According to the government’s communication, these measures are designed to boost the construction sector and to increase the supply of and facilitate access to housing.

The package includes tax and non-tax measures with short, medium and long-term effects. Hereafter, Partner & Head of International & Corporate Tax, Jamal Afakir, and Chief Knowledge Officer, Marie Bentley, detail the tax measures to be introduced. Some are limited to 2024, while others are structural.