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Circulars 11/2009 - Elimination of the OMI value in real estate sales

Elimination of the OMI value in real estate sales

It should be noted that in the Ordinary Supplement no.110 to the Official Gazette no.161 of July 14, 2009, Law no.7 of July 2009, 88 - Community Law - was published which, among the different innovations introduced, eliminates the provisions on assessment of real estate sales on the basis of normal value, both for VAT and income tax purposes.

With regard to tax assessments in the real estate sector, the 2008 Community Law represents a return to the past, essentially linked to the repeal of provisions approved just three years earlier, but which have received a large number since their enactment. of criticisms received from various offices, including institutional ones (ANCE, Order of Chartered Accountants).

This circular illustrates the topics referred to in the index, in order to provide a concise and precise picture of the effects of the Community amendments.

Topics index

  1. Regulatory framework
  2. The normal value
  3. Changes regarding VAT
  4. Changes regarding direct taxes
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Circulars 2009

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