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Recent amendment on the Romanian Fiscal Code impacting the real estate sector

Given the actual situation generated by COVID-19 pandemic, life, as we know it, has been substantially transformed. In order to minimize the negative effects of such transformation, the authorities have adopted a set of new measures and regulations. Among these recent measures, the authorities, at national level, have decided to amend the Fiscal Code. Therefore, Law no. 248/2020 on the amendment of article 291 of the Fiscal Code (Law 248/2020) has been published in the Official Gazette on 13 November 2020 and shall enter into force at the beginning of the next year, namely on 1 January 2021.

Source: DLA

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