Regulations on taxation of real estate assets approved in Moldova

Chisinau, 18 November /MOLDPRES/ - The cabinet, at a today’s meeting, approved the regulations on the evaluation and reevaluation of real estate assets on the purpose of taxation.  

Under the government decision, the regulation on the assessment of real estate assets on the purpose of taxation establishes the way the real estate assets are evaluated on the purpose taxation, through applying procedures of massive evaluation and of three ways of estimating the market value: way of comparative analysis of sales, way of incomes and way of expenses.  

„The reevaluation of the real estate assets on the purpose of taxation represents the process of recalculation of the values estimated on the purpose of taxation, taking into account the level of development of the real estate market, the market prices on the date of reevaluation and changing of the value factors which influence the estimated value of real estate assets. The real estate assets of all types, for which the assessment works on the purpose of taxation have been already carried out, are subjected to reevaluation of real estate assets on the purpose of taxation, ‘’the decision reads.  

The Land Relations and Cadastre Agency and the Public Services Agency will take needed measures, in order to enforce the provisions of the aforementioned regulations and will adjust the normative acts to these regulations in a term of three months after the publication of this decision.  

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