The procedure for establishing the tax on income from the transfer of agricultural land located extramuros / control package of legal entities owning one or more agricultural land located extramuros has been adopted.
The procedure is applied by the departments in charge of managing the tax returns of legal entities/individuals within the competent central tax body.
Therefore, the tax decisions on the income earned by the natural and/or legal person from the transfer of agricultural land located extramuros are issued by the specialized departments in order to determine the additional tax on the income from the transfer of agricultural land located extramuros, before the 8th anniversary of their purchase, if the transfer of ownership is carried out by a court decision in substitution for a sale agreement, or from the transfer of the controlling interest of legal entities owning one or more agricultural land located extramuros and representing more than 25% of the assets, provided that the transfer takes place before the expiry of 8 years from the acquisition of any of these lands.
In case of transfer, by court decision, of agricultural land located extramuros before the expiry of 8 years from the purchase, when determining the basis of calculation of the tax, the specialized department takes into account the income obtained, determined according to the law and attributed to the taxpayer according to the share held in the transferred land.
