New amendments to VAT law on state owned land and facilities anticipate that the tax collected for the usage of state owned lands will be considered as a national tax.
Individuals who are using unprivatized land banks and commercial legal persons who have won the right to use state owned lands pay the tax on the right of usage, 10% of the value of the land being used. Tax authorities will collect this tax which will be distributed to the local government units.
Changes on this law also predict that those who have to pay national taxes, must present a monthly declaration, no later than 15 days after the end of the previous month in which legal and physic persons declare that have in usage state owned land banks.
These changes on VAT law specify that the tax on the right to use state lands does not apply to tourist sites, on buildings and lands which are undergoing the legalization process, or on state lands given for investments purposes.
News source: Scan Tv
Photo credits: Wikimedia
Leave a Reply
You must be logged in to post a comment.