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E-Property and local tax reform: what we know and what remains to be seen about property taxation

E-Property and local tax reform: what we know and what remains to be seen about property taxation

Authors: Andra Casu, Partner, Direct Tax Department Leader, EY Romania and Oana Taranu, Senior Manager, Direct Tax, EY Romania

E-Property is conceived as the central element, the technical backbone of the property taxation reform undertaken through the PNRR. The law creates the legal framework, but the real impact of the reform will depend on the capacity of the authorities to implement the system effectively and on the evolution of the real estate market. Beyond the declared objectives and the need to align with the practices of economically advanced states, the reform raises legitimate questions regarding the timetable, implementation and the real effects it will produce in practice.

For more information, please see the Romanian version of the article, here.

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