Assessment for Taxation
Starting with January 1, 2016, the taxation of buildings is carried out according to their destination and not according to the type of owner – natural person or legal entity. The tax on buildings is established according to the declared destination of the building, which can be residential, non-residential or mixed.
Currently, the tax for non-residential buildings owned by individuals is calculated by applying the rate established by the local authority to the taxable value, which can be:
- the value from an appraisal report carried out in the last 5 years;
- the value of construction work (for new buildings);
- the value from the acquisition deed (for recently acquired buildings).
For legal entities, the tax is based on the value as of December 31 of the previous year and can be:
- the last value registered with the tax authority;
- the value from an evaluation report according to the standards in force;
- the value of the construction works or from the acquisition deed.
This value must be updated every 5 years, through a report prepared by an authorized appraiser and submitted within the legal deadline.
FairValue offers valuation services for taxation, nationwide, with promptness and efficiency.
