Revaluation of tangible fixed assets and payment of local taxes<\/p>\n
For the closing of the 2015 budget, it is appropriate to assess the need\/convenience of revaluing property, plant, and equipment in order to maintain some convergence between the book value and market value, especially of real estate.<\/p>\n
La Law No. 227\/2015 <\/strong> (Lege 227\/2015) also provides in Article 460 for a local tax surcharge for buildings that have not undergone a three-year revaluation.<\/p>\n In fact, legal persons generally pay local taxes at rates between 0.08% and 1.3%. However, it is provided in Paragraph 8 of Article 460 of the New Tax Code, the application of the increased rate to 5% for legal persons who have not carried out the three-year revaluation of buildings by the deadline for payment of local tax. As a reminder, an appraiser registered with UNEVAR (Uniunea Nationala a Evalutorilor din Romania) must be appointed for this purpose, and the results of the appraisal must be incorporated into the accounting statement referring to 31.12.2015. <\/p>\n We remain available for clarification<\/p>\n","protected":false},"excerpt":{"rendered":" Revaluation of tangible fixed assets and payment of local taxes For the closing of the 2015 budget, it is appropriate to assess the need\/convenience of revaluing property, plant, and equipment in order to maintain some convergence between the book value and market value, especially of real estate. La Law No. 227\/2015 (Lege 227\/2015) also provides […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-4142","post","type-post","status-publish","format-standard","hentry","category-news-en"],"yoast_head":"\n