Landlords who receive rents on their housing property at the minimum rate established by law (0.54c daily) and after having received a pittance in rent for so many years prior to the amendment (2010) of the Civil Code Chap.16, are now going to be taxed a rate of 15 per cent from income on rent.

At least one would have expected that those receiving the minimum rent as established by the rent reform will be exempted since they are still contributing to social housing.

To make matters worse, those who failed to declare their rental income for the last eight years (i.e. four years through the old rent) are being obliged to pay the undeclared income at a 15 per cent rate, with a penalty of two years’ worth of rental tax on those eight years.

This means that the old pittance is also being taxed. People contributing to costly social housing expect some social conscience in their favour.