In order to enter into force, the draft must be promulgated as law by the President and then published in the Official Gazette.


The threshold to which the 5% VAT is applied would increase from 450,000 lei, as it is at present, to the equivalent in lei of the amount of 140,000 euros. This increase in would mean a significant reduction in the price of the purchase of a home.


The reduced VAT rate is an exception to the standard rate of this tax (19%) and applies to homes that, at the time of sale, can be inhabited as such and have a usable area of up to 120 m2, excluding household annexes.