Bucharest municipality plans to hike land taxes

The Bucharest City Hall put up for debate a draft bill designed to increase the amount of taxes paid for land.

The municipality cites the provisions of the Law no 227/2015 regarding the Fiscal Code according to which the taxes can updated by April 30 depending on the inflation rate from the previous years.

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Thus, the proposed hike in prices for intravilan with construction will be as follows: Zone A – from RON 10,353/hectare to RON 10,695 per hectare. In Zone B, from RON 8,597 per hectare to RON 8,881 per hectare. Zone C – from RON 6,499/ha to RON 6,713/ha, while for Zone D from RON 4,447/ha to RON 4,594/ha.

Regarding the extravilan land, the taxes will grow from RON 27/ha to RON 28/ha for land with constructions, from RON 46/ha to RON 48/ha for arable land and from RON 24/ha to RON 25/ha for land pastures.