This is things are done in Romania. What can we expect from the government. In the nebula by the IRS to recover VAT on sales of property by individuals appeared yesterday and an association of buyers, who claims that there is a danger that they will be brought to the situation of retroactive pay since 19% of transaction price VAT as the seller, because the latter state we deliver. NAFA started in summer 2009 to review more than 7,000 developers have made on individual transactions before 2008, in order to recover VAT. So far checks have been completed for 200 people, the damage being recovered over 240 million lei (60 euros). A lawyer, Ionut Mateescu, said that at least in Bucharest had already been sent notices to buyers from sellers who announce that they have to pay VAT on purchase price and value. NAFA not involved in this situation because their cover only controls vendors. “Inspections are tax on sellers of apartments on a continuing basis and is not intended buyers of apartments, officials say NAFA.
“Responsibility for the situation created is shared among developers, who must think twice before you sign on individual commercial transactions, in conditions which have been approved under various signals, and between tax payers are not informed and ordered to pay and did not take preventive measures, “said Emilian Duca, partner at audit and consulting firm BDO Romania. Anunturi Imobiliare Many investors who have released two billion of real estate Time’s right Siminel gave Andrew, head NCH, which has sold 400 million euros in real estate 2006-2008. Main winner of the property boom could be considered American investment fund NCH, Andrew Siminel given to Bucharest, which won almost 400 million euros from the sale of properties bought and sold at dumping prices in the very building momentum. Winmarkt shopping network, stake at Cotroceni Tricodava Park and land plants, and Electrical Electroaparataj, bought at liquidation prices and brought a highly profitable exit in real estate.
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