Advanced Search

Law No. 122 Of 19 June 1998 On Approval Of The Government Ordinance. 12/1998 On Stamp Taxes For Notary Activity

Original Language Title:  LEGE nr. 122 din 19 iunie 1998 pentru aprobarea Ordonanţei Guvernului nr. 12/1998 privind taxele de timbru pentru activitatea notarială

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now for only USD$40 per month.
LEGE no. 122 122 of 19 June 1998 for approval Government Ordinance no. 12/1998 on stamp duties for notarial activity
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 226 226 of 19 June 1998



The Romanian Parliament adopts this law + Article UNIC Approval Government Ordinance no. 12 12 of 29 January 1998 on stamp duties for notarial activity, issued pursuant to art. 1 lit. t) of Law no. 221/1997 on the empowerment of the Government to issue ordinances and published in the Official Gazette of Romania, Part I, no. 40 of 30 January 1998, with the following amendments and additions: 1. Article 3 (2) shall be repealed. 2. Article 4 (1) shall read as follows: "" Art. 4. -(1) The authentication of the acts between the living, the translative of the property right and of other real rights, which have as object immovable property, shall be charged to the value declared by the parties in the authentic instrument. If there is a manifest disproportion between the value declared by the parties and the circulation value, the notary will postpone the authentication of the act until the circulation value is established, through the expertise carried out at the request of the Chamber of Public Notaries, at In this case, the authentication shall be charged to the amount so determined. " 3. Article 7 shall read as follows: "" Art. 7. -(1) The stamp duties for notarial acts and services shall be paid in cash or by transfer, to the account of the state budget, to the units of the state treasury or to the House of Savings and Consemnations. (2) Legal persons shall pay the stamp duties in cash or by transfer, in the account of the state budget, at the state treasury unit within the radius of which they have their fiscal headquarters. " 4. Article 10 shall read as follows: "" Art. 10. -The stamp duties for notarial acts and services are made to the state budget and are distinctly included in the revenue and expenditure budget of the Ministry of Justice, under the conditions and with the destination provided by law for judicial fees of Stamp. " 5. Article 11 shall read as follows: "" Art. 11. -The stamp duties set out in the annex to this ordinance can be updated by Government decision, depending on the inflation rate, at the initiative of the Ministry of Justice, with the opinion of the Ministry of Finance. " 6. Throughout the ordinance, the hidden act expression is replaced by the expression of secret act. This law was adopted by the Chamber of Deputies at its meeting on May 25, 1998, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. p. CHAMBER OF DEPUTIES PRESIDENT PAULA MARIA IVANESCU This law was adopted by the Senate at the meeting of May 25, 1998, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. SENATE PRESIDENT PETRE ROMAN ----------