Business taxation

Published on Jan 10, 2014 by LPG

Romanian property tax for companies

All Romanian companies owning property in Romania must pay property tax.

Property tax varies depending on where the property is located as the rate is determined by local authorities.

The rate varies between 0.25% and 1.5% of the asset value or the revalued amount of the property.

The buildings must be revalued periodically.

If a building has not been revalued, the local authorities can significantly increase the property tax rate for companies:

  • 10-20% if the property has not been revalued in 3 years.
  • 30-40% if the property has not been revalued in 5 years.

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