Tax changes 2024 in Romania. VAT on housing has been rising since January.
Currently the VAT rate on housing is 5%, but the authorities plan to increase this rate to 9%, from 1 January 2024. However, there are some situations in which individuals can still pay 5% VAT, more precisely: if they conclude a contract by the end of this year, or if legal documents are drawn up that certify the payment of the advance until the end of 2023, in compliance with the new conditions that we will mention in the continuation of the article.
This quota will be applied for the delivery of dwellings that have a useful area of maximum 120 sqm, excluding household annexes, whose value, including the land on which they are built, does not exceed the amount of 600,000 RON, excluding value added tax, purchased by individuals individually or jointly with another natural person/other natural persons.
Source: fiscalitatea.ro