Abstract
An Integral Part of the Economic and Financial Mechanism, Taxation Means, on the One Hand, the Collection of Resources to the State Budget, but Also a Legal Relationship between a Debtor and a Creditor, Including their Correlation Rights and Obligations. the Determinants of Budgetary Revenues Refer to the Subjects of Taxation, the Object of Taxation, the Unit of Taxation, the Tax Rate, the Rights and Obligations of the Debtors, their Liability, as well as the Payment Terms. Building Tax is an Annual Tax due to the Local Budget of the Administrative-Territorial Units in which the Building is Located by its Owners. Therefore, Subjects of Taxation are those who Own a Building Located on the Territory of Romania, with Certain Exceptions Regulated by the Fiscal Code. for Residential Buildings and Annex Buildings owned by Individuals, the Building Tax is Calculated by Applying a Rate between 0.08% and 0.2% on the Taxable Value of the Building. for Non-Residential Buildings owned by Individuals, the Tax is Calculated by Applying a Rate between 0.2% and 1.3% on the Taxable Amount of the Building. for Mixed-Purpose Buildings Owned by Individuals, the Tax is Calculated by Adding Together the Tax Calculated for the Area Used for Residential Purposes with the Tax Determined for the Area Used for Non-Residential Purposes. for Residential Buildings Owned or Held by Legal Entities, the Tax or the Building Tax is Calculated by Applying a Rate between 0.08% and 0.2% on the Taxable Value of the Buildings; and for Non-Residential Buildings the Tax or Tax on Buildings is Calculated by Applying a Rate between 0.2% and 1.3% Inclusive of the Taxable Value of the Building.
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