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Generic Tax Name Personal income tax - Income from transfer of real estate properties from the personal patrimony
Tax name in the national language Impozitul pe venituri din transferul proprietatilor imobiliare din patrimoniul personal
Tax name in English Tax on income from transfer of real estate properties from the personal patrimony
Member State RO-Romania
Tax in force since 2005/06/01
If abolished, date on which the tax ceases to apply
Business version date 2012/01/01
Version date 2012/02/22
This file was last updated on

Type of tax
Direct taxes Personal income tax
Corporate income tax
Other

Indirect taxes VAT
Excise duty (EU harmonised)
Alcoholic beverages
Energy products and electricity
Manufactured tobacco
Other

Social security contribution Employers
Employees
Other
 
Legal base

The 81st Chapter of the 3rd Title approved by Law nr. 571/2003 regarding the Fiscal Code with subsequent amendments and completions.

 
Who sets
The tax rate is set by




The tax base is set by




The reliefs are set by




Comments
 
Beneficiary





Comments

 
Geographical Scope

Romania.

 
Taxpayers
Domestic-source income of non-residents is Taxed
Not Taxed
Comments

Employment incomes of married couples are Taxed jointly
Taxed separately
Comments


Comments

Resident natural persons.

 
Tax object and basis of assessment
As general rule, taxable income under personal income tax includes























Comments

Income considered Domestic income
Worldwide income (subject to double-tax relief)
Comments

Benefits in kind
The following benefits in kind are usually (partially or fully) taxable












Comments


Comments

Income from transfer of real estate properties from the personal patrimony.

Basis of assesment: the selling value.

 
Deductions, Allowances, Credits, Exemptions
Deduction for professional expenses.
The deduction is:





Comments

Deductions from the tax base
The following items are usually (partially or fully) deductible

















Comments

Allowances
The basic yearly allowance for an individual amounts to:
The basic yearly allowance for a couple amounts to:
Additional allowance for 1st child
Additional allowance for 2nd child
Additional allowance for 3rd child
Additional allowance for additional child
Additional allowance for old age dependents
Comments

Credits
The basic yearly credit for an individual amounts to:
The basic yearly credit for a couple amounts to:
Additional credit for 1st child
Additional credit for 2nd child
Additional credit for 3rd child
Additional credit for additional child
Additional credit for old age dependents
There are tax credits for:

















Comments

Losses
Losses can be
Carried-forward for Indefinite
 Years
Carried-back for Indefinite
 Years
Transferred to spouse or partner
Comments

Exemptions
The following income is exempted from income tax























Comments


Comments

Exemptions:

a) When the ownership right over the land and constructions of any type is acquired by reinstating the ownership right on the basis of special laws;

b) When the ownership right over the land and constructions of any type is acquired by donation between relatives up to the third degree, inclusively, and between spouses;

c) For the transfer of ownership right by inheritance, if the succession is debated and completed within 2 years time from the date when the author of succession died.

 
Rate(s) Structure
The following personal income tax rates apply to aggregate annual income (allowances not included)
Bracket 1 From   EUR/Natcur
To   EUR/Natcur
Rate:
Comments

Regional taxes
Regional taxes are (rate in capital region) A lump-sum amount:
A percentage of income:
A tax surcharge:
Comments

Local/municipal taxes
Local taxes are (rate in capital city) A lump-sum amount:
A percentage of income:
A tax surcharge:
Comments

Special surcharges
There are special surcharges in the form of:
Surcharge 1 : Name:
A lump-sum amount:
A percentage of income:
A tax surcharge:
Comments

Separate taxation
Separate taxation applies to the following items: Employment income
Income from business or self-employed activities
Income from sport and entertainment activities
Benefits in kind (company car, meal cheques, etc)
Pension income
Owner-occupied immovable property
Dividends
Interests from government bonds
Interests from corporate bonds
Interests from special saving accounts
Interests from deposits
Royalties
Income from renting immovable property
Income from renting movable property
Capital gains on immovable property
Capital gains on movable property
Inheritance
Annuities from life insurance
Prizes and awards
Scholarships
Income from occasional activities
Revenues from donations and gifts
Revenues from lotteries and games activities
Comments

Withholding taxes
The tax is withheld when paid to residents on: Dividends:
Final Creditable
Interests from governments bonds:
Final Creditable
Interests from corporate bonds:
Final Creditable
Interests from special saving accounts:
Final Creditable
Interests from deposits:
Final Creditable
Comments


Comments

a) For constructions of any type and the land corresponding to such constructions, as well as for land of any type without constructions within a period of up to 3 years:

  • 3% up to the amount of 200,000 RON, inclusive;
  • exceeding 200,000 RON: 6,000 RON + 2% of the value exceeding 200,000 RON.

b) For the real estate properties described in letter a), acquired within a period longer than 3 years:

  • 2% up to the amount of 200,000 RON, inclusive;
  • exceeding 200,000 RON: 4,000 RON + 1% of the value exceeding 200,000 RON.

 

c) 1% is applied to the total succession value in the case of a succession not debated during the term of two years.

 
Tax due date

By the 25th of the month following the one in which the tax was held.

 
Tax collector

State budget 50%.

Local budget 50%

 
Special features

 
Economic function







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Environmental taxes



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Tax revenue
ESA95 code d214ca

Year
Annual tax revenue (millions)
Currency
Tax revenue as % of GDP
Tax revenue as % of total tax revenue
2010 124.21 EUR 0.10
2009 122.72 EUR 0.10
2008 265.00 EUR 0.19
2007 311.30 EUR 0.25
2006 85.20 EUR 0.09
2005 31.80 EUR 0.04

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