ROMANIA Law and Practice Contributed by: Monia Dobrescu and Mădălina Trifan, Mușat & Asociații
8.5 Tax Benefits As a general rule, if the owner of the property is a company subject to Romanian corporate income tax, depreciation is allowed (on a straight-line basis) on the acquisition value of the buildings. Plots of land are not eligible for tax depreciation.
tion value for such properties that are held for more than three years. These rates are subject to the provisions of any applicable tax treaty. There is no withholding tax for the buyer.
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