- Article 1 paragraphs 31 to 36 of Law 207/2024 introduced tax benefits for income taxes and registration and mortgage taxes on assignments or transfers of real estate or registered movable assets to shareholders
- The facilitated transfers exclude instrumental assets used in the company’s own business activities and must be completed by September 30 2025 through notarial deed
- VAT applies to these operations according to ordinary rules as no special provisions were established for this tax unlike the benefits granted for other taxes
- Asset transfers that involve property ownership transfer are subject to standard VAT regulations when they occur
- The law maintains the traditional VAT treatment while providing relief only for income and registration taxes on qualifying asset transfers to company shareholders
Source: eutekne.info
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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