14:34, 10.03.2009 Romanian Cos To Pay Lower Taxes For Devalued Properties In a09

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BUCHAREST / 14:34, 10.03.2009 Romanian companies can pay a lower tax on buildings this year, if they reevaluate their properties, since the market value of said properties decreased, reaching the lowest level in the past two years, according to representatives of real estate company MediaCity.

Companies pay a tax set by the local councils, between 0.25% and 1.5% of the inventory value for the buildings found in their patrimony, for which legal entities have performed at least one reevaluation...

Read the whole story in: Mediafax