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As expected there are changes in the VAT for transaction of real estate, that came to force in 2016.
If your partner in a real estate transaction is a VAT payer, a VAT-exempt transfer is usually not in your mutual interest, for it involves matching (non-deductible) inputs to such a transaction and adjusting procedures for a partial VAT claim due to a lower VAT coefficient.
There had been several new incentives according to the Romanian Law nl. 102/2016 on business incubators for small and medium start-ups in Romania. The law chagnes will come into force on 22 July 2016.
The TPA Horwath Group is one of the leading tax advisory and auditing services companies in Central and South Eastern Europe.