Law no. 11/2015 was published on 13 January 2015 regarding the approval of Government Emergency Ordinance no. 102/2013 on the Fiscal Code, as amended and supplemented, through which amendments are brought to construction tax.
The new amendments affect both the tax rate and the taxable base for construction tax as of 2015.
The tax rate has been reduced from 1.5% to 1%.
The main amendments regarding the taxable base refer to deductions of the following:
Taxable base deductions are also clarified for buildings in industrial, science or technology parks and which, according to the law, do not benefit from building tax exemption.
The construction tax rate is 1% as of 2015.
Fit-out works on buildings which are rented, taken under management or into use are not subject to construction tax.
For a deeper discussion of how this new legislation might affect your business, please contact: