Applicable VAT Rates
Depending on the buyer's status and the apartment's characteristics, the following VAT rates may apply:
- 9% VAT – Applies to individuals purchasing an apartment with a value of up to 600,000 RON (excluding VAT) and a usable area of up to 120 sqm, provided they have not previously benefited from the reduced VAT rate for a home purchase (i.e., they are not listed in the "Register of Housing Acquisitions with Reduced VAT").
- 19% VAT – Applies if any of the following conditions are met:
- The apartment price exceeds 600,000 RON (excluding VAT);
- The usable area of the apartment exceeds 120 sqm;
- The individual buyer has already benefited from the reduced VAT rate and is listed in the "Register of Housing Acquisitions with Reduced VAT."
- Reverse charge mechanism (19% VAT) – Available for VAT-registered legal entities. In this case, VAT is not paid at the time of purchase but is accounted for using the reverse charge mechanism.
Applicable €/RON Exchange Rate
The applicable exchange rate varies depending on the residential complex:
- Maia Sisești – The applicable exchange rate is the selling rate displayed at Banca Transilvania's exchange office on the payment date.
- Maia Zorilor – The applicable exchange rate is the selling rate displayed at Banca Transilvania's exchange office on the payment date.
- Maia Craiovei – The applicable exchange rate is the selling rate displayed at Libra Bank's exchange office on the payment date.
- Maia Forest – The applicable exchange rate is the selling rate displayed at BRD's exchange office on the payment date.
