The Ministry of Finance has developed the method of applying the tax on special constructions, based on the proposals of the targeted sectors, with state budget revenues estimated at 1 billion RON in 2025, the ministry announced on Friday.According to a press release sent on Friday, during February and March, the Ministry of Finance held consultations with representatives of all the sectors concerned to establish the most efficient way to implement the tax on special constructions.Thus, given the need to clarify the calculation and declaration mechanism of the construction tax, taking into account the analysis of the collection level that can be achieved through this tax and the impact that it can have on the business environment, the Emergency Ordinance was drafted to amend and supplement Title X of Law 227/2015 on the Fiscal Code, the quoted source states."Through the emergency ordinance published today in transparency, we ensure revenues at least at the level of the initial estimates of 1 billion lei in 2025, through a regulation that takes into account both the need for collection efficiency and the feedback received from economic sectors. Private companies requested that taxation be applied not to the gross value of the constructions, but to their net value. Taking into account this proposal, we decided to apply a 1% tax on the net value of special constructions for the private sector. At the same time, based on the proposals of public infrastructure administrators and analyses, we established a taxation level of 0.5% for special constructions owned by the state or local authorities, concessioned or given under administration, because in these cases the tax is applied to the historical value of the constructions," Deputy Prime Minister Tanczos Barna, Minister of Finance, said, quoted in the press release.The draft normative act also includes measures aimed at some amendments to the provisions in the field of construction tax, namely clarifications regarding the establishment of the taxable base in the case of investments made by taxpayers in constructions used under management/concession/free use contracts/rental/management lease/joint venture and the like.Other amendments refer to the establishment of rules for calculating, declaring and paying the tax in the case of taxpayers who have a modified fiscal year, for those who cease to exist or for taxpayers newly established during the year, as well as the establishment of the scope of application of the tax in the sense of applying it only to constructions located on Romanian territory.The draft Emergency Ordinance for amending and supplementing Title X of Law No. 227/2015 on the Fiscal Code was made transparent on the website of the Ministry of Finance.
President Nicușor Dan has nominated Senate president Ilie Bolojan, a leader of the National Liberal Party (PNL) and former interim president, for the prime minister seat. Dan said Bolojan is “the best person to carry out the needed adjustments in the state administration.” He pointed to Bolojan’s track record with reducing spending, and said he has […]
Balkanik Festival – Home of World Music, set to take place at Uranus Garden between September 5 and September 7, lines up this year artists who "celebrate that form of joy that does not ignore reality, but faces it with beauty, energy, and solidarity," the organizers said. The artists performing in September in Bucharest will […]
The mayor of Timișoara, Dominic Fritz, announced on Friday, June 20, that two new bridges over the Bega River will be built in the city. The bridges will be financed with EU-backed funds worth over RON 130 million. The bridges in question are the Solventul Bridge, which will connect Gării Street to Dâmbovița Boulevard and […]
A Sarmatian necropolis nearly 2,000 years old was discovered after archaeological excavations were carried out at the Mehala II site in the municipality of Timișoara, in western Romania. Researchers discovered 15 inhumation graves, most arranged in rectangular pits with rounded corners, although some no longer retain their original outline, having been disturbed by the passage […]
The George Enescu Philharmonic Orchestra will deliver on June 26 a concert marking Romania Day at the Osaka World Expo. Additionally, the Bucharest-based orchestra will present a series of other concerts and recitals, both within the Romanian Pavilion and outside, at Toyonara Hall in Osaka. The George Enescu Philharmonic Orchestra's concerts will be conducted by […]
Sphera Franchise Group, the largest food service group in Romania, has opened its first Cioccolatitaliani store in the seaside resort of Riccione, in Italy’s Rimini tourist area. This marks the official launch of Sphera Group’s development plan for the premium Italian brand of coffee, gelato, and pastry. Under the plan, it will open four locations […]
