Romanian Government Lets Local Authorities Raise Local Taxes

04.17.2011 By Gavrila Oana

Romania’s Government will allow local authorities to raise local taxes depending on local needs and the local population’s purchasing power.

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.