It seems that the Fiscal Romanian Law has changed (again) for the worse from the point of view of local and foreign real estate investors. From now on Romanian companies will have pay Value Added Tax when purchasing Romanian property from another local company.
Also for all those foreign investors who already purchased off-plan apartments through a Romanian company and have not already paid the entire amount, will have to pay 19% VAT for the remaining amounts.
The only hope we have is that the law will ... change. Again. Which actually is quite realistic.
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