News

IMT – Phased reduction postponed

Law nr. 132/2015, of 4 September, postpones to 2017 the phased reduction of the Real Estate Transfer Tax (IMT).

According to the changes now introduced to Law nr. 73/2013 (Financial Regime of Municipalities), in 2017 the IMT shall be reduced by 1/3, and by 2/3 in 2018.

Initially, it was foreseen that the phased reduction of IMT would start to apply in 2016.