Romania Chamber of Deputies approves VAT transition relief for residential real estate contracts

The Chamber of Deputies passed legislation allowing buyers with pre-contracts signed by July 31, 2025, to finalize purchases at the 9% VAT rate until October 1, 2026. This measure aims to mitigate market stagnation caused by the transition to a 21% VAT rate, though the impact of ongoing ANCPI administrative delays remains a critical variable for transaction completion.