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Taxes |
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Written by Zac Mahoney
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Romania's taxing laws.
If one is investing in property,it is worth noting that the tax is 25% to both nationals and non nationals,and that this is charge if one in any way makes profit from real estate in Romania.
this capitol gains tax will be reduced to 10% on january the first,2006. to meet this lower tax,there are requirements though, firstly that the owner has had the property for two years or over,secondly that the new purchaser of the property is in no way affiliated to the present owner,and thirdly that the tax payer must have bought the property after december 2003.
The tax payable for renting your property out is between 18% and 40%,depending obviously upon the quantity of income made. |
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Last Updated ( Tuesday, 20 December 2005 )
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