Government removes house transfer tax for debt discharge law, says minister of finance

Newsroom 29/06/2016 | 10:32

The tax for house transfer will not be paid anymore by people using the debt discharge law, said the minister of public finance, Anca Dragu, on Tuesday at Victoria Palace.

“As I already announced since the end of May, we started this activity to elaborate the legal framework that would allow for the debt discharge law the house transfer tax not be payed. It is applied for an operation of debt discharge, practically for a credit, even if this credit includes more than a house, it is applied for the entire credit. Moreover, a registry for these debt discharge activities, and it will be administered by a notary and there will be easily checked in the moment someone asks to make use of this procedure, if they pay or not the tax for house transfer. This rule is applied also for foreclosures, “ said Dragu.

The new regulations are introduced in an emergency ordinance adopted on Tuesday by the government, which modifies and completes the Fiscal Code and that aims to protect the individuals who wanted to use the debt discharge as a consequence of a difficult economic situation, according to Agerpres.

“According to the normative act, the beneficiary is any natural person, regardless of the position he/she has in the credit contract, and who wants to make use for the first time of the debt discharge,” concluded the minister.

Georgiana Bendre

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