Monday, July 22, 2024, 1:30 p.m
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The so-called “luxury tax” has entered into force, and form 216 will have to be sent by the end of September for houses and by December for cars. ANAF has made public form 216. Thus, Romanians who own houses and cars expensive will have to pay taxes on expensive goods.
What is the luxury tax? The tax imposed in bulk in Law 296/2023
The new tax, introduced by law 296/2023, specifically targets only owners of expensive homes and cars. More precisely, the law targets those who own residential buildings with a value of over 2.5 million lei, i.e. 500 thousand euros, reports Digi24.
Likewise, the people who own cars registered in Romania, whose purchase exceeds the amount of 375 thousand lei, i.e. 75 thousand euros. Thus, these owners will have to pay higher taxes.
Form 216, available on the ANAF platform
On form 216, which must be completed by all those who have expensive properties, the name, surname, data regarding the special tax on immovable and movable assets must be written. If a person owns a car worth 100 thousand euros, then he will pay a state tax of 75 euros, i.e. 0.3% of 25 thousand euros, an amount that represents the difference between the value of the vehicle and the non-taxable ceiling, it shows cited source.
In the case of luxury housing tax, if you own a property worth 1 million euros, you will pay the state a tax of 1,500 euros, i.e. also 0.3% applied to the determined amount, through the difference between the market value of of the asset and the non-taxable ceiling of 500 thousand euros.
Romania is not the first country to adopt this luxury tax. Wealth tax has already existed for several years in countries such as France, where properties exceeding €1,300,000 are subject to a tax of between 0.5% and 1.5%, depending on the value of the property. In Denmark, properties exceeding approximately €400,000 are subject to a 3% tax on the difference over this ceiling.
Source: ziare.com
