Local Authorities Management of the Local Financing System.
Responsibility of the Local Authorities to communicate the basic data on Property Tax, Business Tax and Tax on Motor Vehicles to the relevant authorities. This data is necessary to calculate the Tax Effort and to proceed with the definitive settlement of the municipalities' share of State taxes.
Ascertain the payments on account pertaining to the participation in state taxes of local corporations, which are to be equivalent to one twelfth of the respective credit.
Determining the final settlement of the Local Corporations' share of State Taxes.