The reduced rate of 5% of VAT will be applied on the tax base for the delivery of homes that have a usable area of maximum 120 sqm, excluding annexes, and whose value does not exceed the equivalent amount of 140,000 euros, provides a bill promulgated by the head of state. The ceiling provided so far in the Fiscal Code is 450,000 lei, excluding VAT, and the new ceiling would be applied from January 1, 2021.
Source Profit.ro
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