Local taxes across the country will rise sharply from 2026, with property and car taxes increasing by up to 75 percent under new national valuation rules.
Romania to enforce a 70% tax on undeclared rental income starting 1 July 2024, targeting property owners evading tax obligations.
Romania introduces a 70% tax rate on undeclared incomes starting July 1, 2024, aiming to enhance taxpayer compliance and increase state revenue collections
Romania’s new fiscal measures spark concern and debate amongst private sector entities, with significant tax alterations set to impact businesses and individuals alike
Local taxes across the country will rise sharply from 2026, with property and car taxes increasing by up to 75 percent under new national valuation rules.
Romania to enforce a 70% tax on undeclared rental income starting 1 July 2024, targeting property owners evading tax obligations.
Romania introduces a 70% tax rate on undeclared incomes starting July 1, 2024, aiming to enhance taxpayer compliance and increase state revenue collections
Romania’s new fiscal measures spark concern and debate amongst private sector entities, with significant tax alterations set to impact businesses and individuals alike