The Procedure regarding organization of Register housing acquisitions with a reduced VAT
rate of 5% was approved.
Register of housing acquisitions is organized in electronic format and is managed with the
help of computer application provided by National Center for Financial Information within
the Ministry of Finance.
Based on the register, fulfillment of condition regarding acquisition with a reduced VAT rate
of 5% of a single home whose value exceeds the amount of Lei 450,000, but does not exceed
the amount of Lei 700,000, excluding VAT, is verified.
Register is completed by public notaries on date of authentication of legal documents
between the living persons whose object is transfer of property right. At the same time,
register is consulted by public notaries, before authentication of legal documents.
Public notaries are responsible for correct and complete entry of information in register.
Following the interrogation in register and registrations, public notary is issued a certificate
generated by the computer application, which is attached to documentation of authentic
document concluded.
