14:02, 10.03.2009 Romaniansa Gains From Realty Trades May Be Levied 16% Tax

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BUCHAREST / 14:02, 10.

03.2009 Romanian populationa€™s gains from real estate transactions for commercial purpose may be subject to a 16% tax in the new Fiscal Code, according to Paul Coman, adviser with the National Fiscal Administration Agency ANAF."This measure is subject to the analysis of the Ministry of Finance," Coman said.Gabriel Biris, partner with law firm Biris-Goran, said that such a decision would ensure higher state budget revenue and would equalize the fiscal treatment on both...

Read the whole story in: Mediafax