Romania's upcoming rise in the VAT limitation offers positive perspectives for the real estate market

Romania's new Fiscal Code which comes into force starting January 2016 contains a provision that has escaped most real estate players, but will have major effects on the market, states Ilias Papageorgiadis, CEO of More Group Companies, on his blog. The mentioned provision modifies the limit on apartments which will have a 5 percent VAT, taking it from RON 385,000 (about EUR 85,500) to RON 450,000 (about EUR 100,000). Property that goes above this ...

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