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Law No. 77 Of 6 July 1995

Original Language Title:  LEGE nr. 77 din 6 iulie 1995

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LEGE No. 77 of 6 July 1995 for approval Government Ordinance no. 8/1995 on stamp duties set out on tranches of values, on live, translative acts of ownership and other real estate rights
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR NO. 146 of 12 July 1995



The Romanian Parliament adopts this law + Article UNIC Approval Government Ordinance no. 8 8 of 27 January 1995 with regard to stamp duties established on tranches of values, to the live, translative acts of the right of property and of other real estate rights, issued pursuant to art. 1 lit. e) of Law no. 1/1995 on the empowerment of the Government to issue ordinances and published in the Official Gazette of Romania, Part I, no. 20 of 31 January 1995, with the following amendments: 1. Letters a)-e) of Article 1 (1) shall be amended and shall read as follows: " a) up to 1.000.000 lei7% b) from 1.000.000 lei to 5,000,000 lei70,000 lei + 5% for the amount exceeding 1,000,000 lei c) from 5,000,000 lei to 10,000,000 lei270.000 lei + 4% for the amount exceeding 5,000,000 lei d) from 10,000,000 lei to 15.000.000 lei + 3% for the amount exceeding 10,000,000 lei is) over 15,000,000 lei620,000 lei + 2% for the amount exceeding 15,000,000 lei. " 2. Paragraph 2 of Article 1 shall read as follows: " For buildings other than constructions and land occupied by construction, the tax shall be calculated according to the value declared by the parties, but not less than the present value resulting from any other acts regarding the property of the respective goods, by applying the quotas provided in par. 1 lit. a)-e). " 3. After Article 3, a new article is inserted, which becomes Article 4, with the following contents: "" ART. 4 Art. 1 and 2 also apply to successions for relatives up to the second degree. The other heirs who do not enter these categories pay the tax increased by 50%. " 4. Article 4 shall become Article 5 by renumbering, the text being completed as follows: "" ART. 5 On the date of entry into force of this ordinance, the provisions relating to buildings, contained in art. 9 9 para. 1 1 and in art. 10 lit. a) as well as in art. 10 lit. o) of Government Decision no. 1.295/1990 on stamp duties for the actions and applications brought to the courts, as well as on the notary acts and the services provided by them, published in the Official Gazette of Romania, Part I, no. 148 148 of 20 December 1990 and any other provisions to the contrary shall be repealed. The same date ceases to be valid art. 12 of Government Decision no. 1.295/1990 ,, and the increase referred to in point 8 8 of the Annex to Government Ordinance no. 15/1992 on local taxes and fees, approved by Law no. 114/1992 , regarding the notary operations referred to in art. 1 1, 2 and 4 of this ordinance. " This law was adopted by the Senate at the meeting of June 22, 1995, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT prof. univ. dr. OLIVIU GHERMAN This law was adopted by the Chamber of Deputies at the meeting of June 26, 1995, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. CHAMBER OF DEPUTIES PRESIDENT ADRIAN NASTASE --------------------------