02364cas a2200325 a 4500 AALejournalIMF022770 230101c9999 xx r poo 0 0eng d 20.00 USD 9798400212680 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Fiscal Affairs Dept.. Romania : Technical Assistance Report on Improving Revenues from the Recurrent Property Tax. Washington, D.C. : International Monetary Fund, 2022. 1 online resource (73 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The current area-based property tax system in Romania is inefficient, producing revenue below its potential, while the taxable value determination is inequitable and complex. Indeed, the property tax only generated 0.6 percent of GDP in 2021 vs. the average of 1.8 percent of GDP in the OECD economies, or 0.9 percent of GDP in EU-27. Meanwhile, significant scope for improving both buoyancy and efficiency of the property tax system exists, not least through the elimination of multiple exemptions, addressing the current inadequate and fragmented self-declaration system of residential buildings that translates into incomplete fiscal cadasters. Mode of access: Internet International Agreements and Observance imf International Organizations imf Monetary Policy imf Romania imf IMF Staff Country Reports; Country Report ; No. 2022/198 Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=198 IMF e-Library Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=199 IMF e-Library Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=200 IMF e-Library Full text available on IMF https://elibrary.imf.org/openurl?genre=journal&issn=1934-7685&volume=2022&issue=201 IMF e-Library