Real estate transaction costs and taxes in Romania

Cost

N/A

VAT

N/A

Cost

N/A

VAT

N/A

Cost

Approx. EUR 4 per cadastral plot

VAT

Nil

Cost

Approx. EUR 20

VAT

Nil

Cost

1%-3% of purchase price

VAT

19%

Cost

N/A

VAT

N/A

Cost

The sale of building plots or “new buildings” is subject to VAT. A building is “new” if sold by the end of the year following the year it was completed in. The sale of other buildings is VAT exempted with the right to opt for taxation

VAT

19%

5% for any new residential property of under 120sq m. and under EUR 100,000 (the 5% quota applies only once per individual or family)

Cost

Nil

For a notarised assignment agreement: 0.25% of the value declared by the parties (however it is not compulsory to notarise the assignment agreement).

Sale by a company: if applicable the general tax on capital gains of 10%; Sale by an individual: (income tax)

1. 0 for up to RON 450,000; or
2. 3% of amount exceeding RON 450,000.

Sale by a company: 10% corporation tax;
Sale by an individual: 10% income tax applicable to the difference between the value of the selling price of the shares and the nominal value of the respective shares.