The General Council approved the level of local taxes in Bucharest for 2026. Substantial increases for buildings and land

Councilors of the CGMB approved, on Tuesday, the draft decision regarding the establishment of the levels of local taxes and fees in the municipality of Bucharest, starting from the year 2026. The project was approved in Tuesday's meeting of the General Council of the Municipality of Bucharest (CGMB) with 45 votes in favor, one abstention and four votes against, Agerpres informs.

USR councilors withdrew the previously submitted amendment to this item from the agenda of the CGMB meeting.

Also, in the CGMB meeting on Tuesday, the rectification of the budget of the Municipality of Bucharest for the year 2025 was approved, with 45 votes.

The project on establishing the levels of local taxes and fees in 2026 takes into account the inflation rate related to 2024 of 5.6%. There are also increases in the taxable value of buildings.

According to the document, in 2026, the taxable value will be 2,677 lei/square meter for buildings with reinforced concrete frames or with exterior walls made of burnt brick, with water, sewage, electrical and heating installations (in 2025, the taxable value of the same type of building was 1,492 lei/square meter). For buildings with wooden walls, the taxable value will be 803 lei/square meter (compared to 447 lei/square meter in 2025).

The value of the tax for land located in urban areas registered in the agricultural register for a different use category than that of land with constructions also increases. The values ​​provided in the project are 75 lei/ha for arable land in area A (compared to 42 lei/ha in 2025) or 56 lei/ha for arable land in area B (compared to 31 lei/ha in 2025).

According to the document, starting from 2026, in the case of hybrid means of transport with CO2 emissions lower than or equal to 50 g/km, the tax is reduced by 30%. There will still be a 10% bonus for paying in advance, until March 31, the tax on buildings, land and means of transport.

The local sector councils will be able to approve exemptions/reductions from the payment of taxes and fees for a number of situations: buildings classified as museums or memorial houses; buildings used for the provision of social services; buildings returned according to art. 16 of Law no. 10/2001 regarding the legal regime of some buildings taken over abusively between March 6, 1945 and December 22, 1989; retroceded buildings according to art. 1 of GEO 94/2000; buildings classified as historical monuments; means of agricultural transport actually used in the agricultural field; means of transport of the foundations established by will established, according to the law, with the aim of maintaining, developing and helping institutions of national culture, as well as to support humanitarian, social and cultural actions.

Likewise, local sector councils can approve their own procedures for granting exemptions or reductions from the payment of local taxes and fees, including for the approval of state aid schemes.

For the increase in the level of local taxes and fees related to the year 2026, provided for in art. 489 of the Fiscal Code, the criterion of local budgetary needs is approved, it is mentioned in the project.