Filenews 13 December 2024
The Plenary of the Parliament voted yesterday to extend the existing tax breaks and incentives for loan restructurings until December 31, 2025. The relevant bills were tabled by all parliamentary parties.
With 49 votes in favour, the law aims to support borrowers and credit institutions by maintaining the favourable arrangements in place until the end of 2024.
The extensions concern measures that strengthen the loan restructuring process and include an exemption from the payment of stamp duty for restructurings up to the amount of the existing debt.
Also imposition of capital gains tax on transfers linked to loans.
Also exemption from transfer fees for real estate transferred to lenders and exemption from the special contribution for defense in cases of accounting profit or notional dividend.
There is also a possibility of transferring liens in the event of the acquisition of immovable property by a lender as a result of restructuring.
It also excludes any profit, benefit or loss arising from restructuring from the calculation of taxable income.
The extension of these incentives was deemed necessary to enhance financial stability and facilitate borrowers in difficulty.
During the discussion of the draft law in the competent parliamentary committee, the Ministry of Finance expressed the view that the current renewal of the law should be the last.
