Tax on Rural Estate
Determination of Taxable Income. — The rental value on which tax is levied and which must correspond to the theoretical net income of the estate is determined by the Administration on the basis of the land register and all other relevant data.
Exemptions. — The exemptions are in principle the same as for the tax on urban estate. But property the rental value of which does not exceed 500 lats is tax-free, and new property, brought into existence under agrarian reform, is exempt from tax for the first six years.
Computation of Tax. — The rate is 1½ per cent, of which one-third goes to the local commune.