SIMILAR ARTICLES

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor’s Office, a position for which he was heard on Thursday, 11… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

Romania – EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult

Cronicile

So-called “Belina Law” was adopted. Opposition will refer CCR: it turns Belina Island into a fiscal paradise

de Razvan Diaconu , 21.4.2019

The Chamber of Deputies adopted on Tuesday the bill that provides for a derogating tax regime, such as tax exemptions or reductions, for land and construction projects on islands, hills and other land areas with potential for economic exploitation. That is the so-called Belina Law, as the Opposition called it because it could turn Belina Island, which got under the operation of Tel Drum company, into a fiscal paradise.

The law goes to promulgation, as the Chamber of Deputies is the decision-making body in this case but it will be challenged to the Constitutional Court by PNL and USR, informs Agerpres.

“It creates tax havens for friends. It’s about solving some group interests,” said USR Deputy Stelian Ion.

The leader of Liberal Deputies, Raluca Turcan, explained that the adoption of the bill does not follow the principle of bicameralism. “This law turns Belina into a tax haven. PNL will challenge this law to the Constitutional Court, a law that was made for the direct interest of PSD president Liviu Dragnea,” Turcan said.

The draft, initiated by PSD Senator Serban Nicolae, has passed in the Chamber of Deputies with 177 votes for, 85 against and nine abstainers.

This regulation establishes a derogating tax regime applicable to a certain category of land, to constructions built on it and authorized economic activities and they take into account islands, hills and other land areas with potential for economic exploitation, resulted from actions or natural changes of the territory or through hydro-technical works.

These lands are exempt from land tax, and for some activities, there is a reduced VAT of 5% applied.

The gambling activities that can be organized are those characterising casinos, poker clubs and bingo games carried out in gambling rooms, as defined by Government Emergency Ordinance 77/2009.

Public or private property land subject to this law:

islands, hills and other areas of land with potential for economic exploitation, resulted from actions or natural changes of the territory or through hydro-technical works.”

The derogating tax regime also applies to civil constructions built on these lands if they are intended exclusively to economic activities. By means of derogation from the Tax Code, this land is exempted from the land tax, in compliance with the State aid law.

The economic activities that can be authorized on this land are:

  • those of renewable energy production
  • tourism
  • recreation
  • public nutrition
  • retail
  • gambling
  • related services.

With regard to the value added tax, by means of derogation from the provisions of Art. 291 par (1) and (2) of Law 227/2015 on the Tax Code, the reduced VAT rate of 5% is applied on the tax base for the following deliveries of goods and services: water supply and sewerage services; the transport of persons and their baggage; services provided in connection with street cleaning, refuse collection and waste treatment, other than those provided by public institutions; natural gas, electricity or energy supply for urban heating.

Mergeți în homepage ›

Publicat la data de 21.4.2019

Lăsați un comentariu


NEWS

Laura Codruta Kovesi remains alone in the race for European Chief Prosecutor

French Prosecutor Jean-Francois Bohnert will be appointed as head of the European Financial Prosecutor's Office, a position for which he was heard on Thursday, 11… Mai mult

Romania - EU country with highest risk of dying in a road accident, Bulgaria is quickly decreasing number of victims since it built motorways

Romania recorded the highest road deaths in the EU also last year, with 96 deaths per one million inhabitants in 2018, almost double the EU… Mai mult

Latest developments in progress at Health Ministry: Differentiated wages based on performance, competitions organised at a regional level not by hospitals

Sorina Pintea announced on Thursday further new changes that will be brought to the functioning of the health care system, including new rules for employment… Mai mult

ANAF changes selection procedure for liquidators. Main changes

The new order on approval and selection procedures for insolvency practitioners is an important step to a very good direction, industry experts say. ANAF is… Mai mult

Romania loses competition for a seat at UN Security Council. MAE Excuse: Campaign started too late

Romania lost to Estonia in the final vote to get the non-permanent member position within the UN Security Council for the period 2020-2021. On Friday,… Mai mult

Business internationalization / eMAG makes a step to entry five new international markets and targets a business of EUR 2 billion

eMAG hopes to get the opinion of the Hungarian Competition Council over the next two months for the acquisition of Extreme Digital, the market leader… Mai mult

"At a distance from books": 85,000 teachers (one third of educational staff) are graduates of distance learning

Approximately 85,000 teachers are graduates of distance learning (ID) programs, Education Minister Ecaterina Andronescu said at a meeting with school inspectors from Caras-Severin County. The… Mai mult

Mugur Isarescu: We should make a film for Viasat History about treasure in Moscow

A book should be written or a movie should be made and sent to Viasat History about a treasure evacuated to Moscow, as it is… Mai mult

Rhythm of commercial vehicle registration increases 3 times faster in Romania than EU average

Today, the European Automobile Manufacturers Association (ACEA) announced the status of commercial vehicle registrations in EU member states + EFTA in April and cumulated after… Mai mult

4.2%, from 3%: BNR has increased inflation forecast for 2019

The National Bank increased the inflation forecast for 2019 by 1.2 percentage points, from 3% to 4.2%. Also, the forecast for 2020 goes up by… Mai mult

Emergency procedure at European Court of Justice for Romania’s question: Are MCV recommendations mandatory?

The Court of Justice of the European Union (CJEU) has decided that Bihor Court’s request to be discussed under the emergency procedure, which is a… Mai mult

Government decides to increase external borrowing ceiling by EUR 4bn. It has consumed program resources for two years

The Government's agenda for Wednesday also includes the draft decision to increase the foreign loans ceiling for 2019 and 2020 by EUR 4 billion, up… Mai mult

Preparations for Summit in Sibiu - European Commission’s recommendations for EU's strategic agenda

On Tuesday, the European Commission presented a series of policy recommendations on how Europe can shape its future within an increasingly uncertain and multipolar world.… Mai mult

Meeting between Prime Minister Viorica Dancila and Chinese Prime Minister Li Keqiang: talks on a possible involvement of Chinese companies in PPP projects in Romania

On Friday, Prime Minister Viorica Dancila had a meeting with Chinese Prime Minister Li Keqiang, during which she stated her interest in involving Chinese companies… Mai mult