[zackn]

Hi David,

Just to clarify :
say I have a land I bought(price is x) and inside the company right now.
the formula for taxes would be :

taxes to be paid = (x+profit)xVat +(x+profit)xcompany taxes....?

Is that true...?

If yes it is anormous tax burden. Can you suggest another way to protect my property without moving it from the Romanian citizen who is currently holding it.

Also , do you know relaiable (english speaking) compnay which can handle sale honestly...?

thank you very much for your time


zack

Originally Posted by David howe

Vat will be applicable to the sale by the company. Company tax will then be applicable followed by divident tax. Conversely, you may be able to sell the shares in the company @ tax of 16%, but not everyone wants this. This would totally depend on the size and potential of land.


David Howe LLB. LLM


INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania