Romania: construction tax


Alessandro PasutConstruction tax: a new tax on constructions other than buildings will be introduced. Persons liable to pay construction tax are Romanian legal entities, permanent establishments of foreign legal entities and legal entities set up in Romania according to the European legislation.

Constructions subject to construction tax are those included in the group 1 of the Catalogue regarding classification and normal useful lives of fixed assets. The tax is computed by applying a 1.5% rate to the value of the constructions as of 31 December of the previous year, recorded in the accounting books.

Construction tax has to be computed and declared to the tax authorities up to 25 May of the year for which such tax is due, and paid in two equal installments, up to 25 May and 25 September of the respective year.

To receive expert advise by Alessandro Pasut about construction tax in Romania click here!



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