Romania’s Government will allow local authorities to raise local taxes depending on local needs and the local population’s purchasing power.
The government will introduce a system whereby local authorities can set taxes on property taking into account the property’s market value, according to the Cabinet’s draft fiscal strategy for 2012-2014, obtained by MEDIAFAX.
The government is looking to increase local authorities’ autonomy and power of decision in matters of financial resources and will introduce this measure by amending tax legislation.