VAT and income taxes for bare land

Discussion in 'Romania property' started by zackn, Jul 8, 2008.

  1. zackn

    zackn New Member

    Hi there,

    I bougght land thru a Romanian person. he holds my land (bare land) . Now I want to transfer the land into my company (to be erected) but the discussion about VAT and income tax seems to be counter productive to the erection of the compnay.

    My questions is : if i transfer the land into the company and later resale it(bare land) will I have to pay VAT as well as Income tax on the whole deal?

    Can I some how avoid this by creating nother structure that avoid taxes , protect me and my land without opening a company in Romania.

    Your answer will e very appreciated

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