Embedded Files
Who
Who
- If I own real estate (applicable both for me as an individual or for my company) & I run an economic activity in that location
What
What
- I must revalue my real estate and file the Revaluation Report to the Local Taxes Authority to avoid local taxes 15 times higher
When
When
- Every 3 years
How
How
- Buildings must be revalued through a special Revaluation Report registered by the evaluator at ANEVAR (www.anevar.ro - the National Association of the Authorised Evaluators in Romania = ro. Asociaţia Naţională a Evaluatorilor Autorizaţi din România)
Exception
Exception
- Residential use
Consequences of non-compliance
Consequences of non-compliance
- If the owner does not file in time the Revaluation Report to the Local Taxes Authority, then the local tax is 15 times more than the previous one
Accounting disclaimer
Accounting disclaimer
- The Evaluation Reports are not being recorded any longer in the accounting since 2017, therefore the accountants cannot follow the flow anymore, without information from the clients or from the clients’ lawyers
How the GEC team can help me
How the GEC team can help me
- If I share with the Piroi team my latest Revaluation Report, they will insert its expiry date in the platform www.mygec.ro, which will issue an automatic reminder 30 days before deadline
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