Ministry of Finance suggests annulling 15% reduction in property tax

The Ministry of Finance proposes annulling the right to a 15% reduction in the property tax enjoyed by taxpayers that fully pay the tax for the given year by June 30, IPN reports.

Under the 2021 draft fiscal and customs policy bill that was proposed for public consultations by the Ministry of Finance, the move will strengthen the financial autonomy of the local public authorities.

“It should be noted that a World Bank study of September 25, 2017 recommends annulling the given exemption, this being considered an exemption based on subjective criteria related to a particular group of taxpayers,” says the bill.

According to calculations, the net budgetary impact of the proposed measure will be of 35 million lei.

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