The Govern is Merciful with the Owners of Multiple Homes

The Govern decided to be more merciful with the owners of multiple homes. Until now, the property taxation system formula was raising the property tax by up to 300% for a third property. The citizens who own multiple homes will no longer be taxed additionally, according to the new Fiscal Code of Romania. The stipulation comes into effect next year. Until now, the private entities who own two or more homes were paying 65% larger tax for the second property (except the home address), 150% more for a second extra property and 300% more for the third or more extra properties. The latest draft of the Fiscal Code is stipulating that this over-taxation will be eliminated, and the Govern has a simple explanation for this decision: the Read more