![]() ![]() ![]() The sale of farmland located outside buildable areas by means of an agreement signed in authenticated form in front of a public notary within eight years as of the date when the farmland was acquired (" standard sale").The most recent of them, a joint Order issued by the Romanian Ministry of Agriculture and Ministry of Finance under no. 396/2022/883/2023 (the " Order") regulates the procedure for the calculation, collection and payment of the 80 % tax applicable to real estate transactions stipulated under Art. 4 2 of Law 17, as further amended by Law 175. 80 % tax for certain real estate transactionsĪ series of legislative amendments introduced mid-2022 and in February this year brought much-awaited clarifications. ![]() With no secondary legislation being adopted to clarify the interpretation and application of Law 175, a deadlock occurred, which has lasted until now. As mentioned in our previous articles on this topic (published here and here), the deadlock occurred back in October 2020 when Law No. 17/2014 on the regulation of the sale-purchase of agricultural land situated outside buildable areas, and the amendment of Law No. 268/2001 on the privatisation of companies administrating the State's publicly and privately owned land with an agricultural use, and for the creation of the Agency for the State's Domain ("Law 17") was amended by Law No. 175/2020 for the amendment and completion of Law 17 ("Law 175"). ![]()
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