PROPERTY TAX
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Analysis
Cushman & Wakefield Echinox: Low Taxation Level Has Supported Real Estate Market Development in Romania
Romania stands out in the European fiscal landscape with a property taxation level that is significantly lower than the EU average, a feature that has spurred the appeal of the local real estate market and created a favorable fiscal framework both for owners a...
Real Estate
Finance Ministry Scraps Planned Increase In Property Tax
Romania’s Finance Ministry on Monday said it decided to no longer introduce in the Tax Code draft the proposition to increase taxes on residential property.
Social/Politics
Tax Code Draft: Romanian Government To Hike Property Tax
Romania's government plans to establish taxes on apartments and houses at 0.08%-0.2% of the taxable value, from the current 0.1%, as of January 2017, according to the new Tax Code Draft.