As of January 1, 2014, a new tax on buildings (impozit pe constructii) was established with the following characteristics:

• Subjective assumption: foreign persons operating by means of a permanent establishment in Romania, European companies based in Romania, and Romanian legal entities, with the exception of public institutions, national research and development institutes, associations and foundations, and other bodies without patrimonial purpose, are obliged to declare and pay the tax;
• Objective prerequisite: the holding under ownership or lease of buildings as identified in Group 1 of Decree H.G. 2139/2004, which sets depreciation coefficients (industrial, agricultural, commercial buildings etc.);
• Exclusions: buildings already subject to the local tax as provided for in Title IX of the Unified Tax Code (Codul Fiscal), Law 571/2003, are excluded from the application of the new tax;
• calculation of the tax: the tax is calculated by applying the rate of 1.5 percent to the value of the buildings as of December 31 of the relevant year;
• declaration and payment deadlines: by May 25 of the year following the reference year the tax must be calculated and declared; by May 25 and September 25 of the year following the reference year the tax must be paid.

Publication of the order approving the declaration model for this tax is pending.