Law no. 11/2015 approving Emergency Government Ordinance no. 102/2013 amending Law no. 571/2003 regarding the Fiscal Code, was published into Official Gazette no 24/13.01.2015. The main provisions of the Ordinance are: Starting 2015, construction tax is reduced from 1.5% to 1% and it applies to the gross value of existing constructions in taxpayers patrimony on 31 December of the previous year, as evidenced in accounting on debit balance of construction accounts. Ordinance provides for a series of construction for which no tax is due including: – buildings for which tax on buildings is due; – works of reconstruction, modernization, consolidation, modification or extension of rented constructions, constructions under administration or use; – value of constructions from subgroup 1.2.9 “Terraces on farmland, orchards and vineyards” – the value of constructions located outside Romania state borders, etc.
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