Property Taxes For Companies To Rise To 40% Of Value Unless Owners Reevaluate Buildings

09.08.2011 By Oana Gavrila

Romanian companies will pay 20% of the inventory value of buildings they own if the buildings have not been reevaluated in the past three years, and the tax rises to 40% buildings have not been reevaluated in the past five years, according to Romania’s new Tax Code.

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Keywords:
BUILDINGS
, REEVALUATION
, TAX