FinMin estimates receipts of 1 billion RON in 2025 from tax on special constructions

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.