Malls will have reduced building taxes by up to 50% if they cut rents proportionally

The government has approved a provision that allows local authorities to reduce the annual building tax by up to 50%, in case the owners prove that they have also reduced the rents for the tenants of the respective buildings. The provision is part of an emergency ordinance initiated by the Ministry of Public Finance. “The possibility for local authorities to reduce the annual building tax by up to 50% for building owners has been introduced.

https://www.wall-street.ro/articol/Real-Estate/254791/mall-urile-impozite-reduse-pe-cladiri-daca-au-taiat-chiriile-proportional.html