ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of November 18, 2020 No. 827

About assessment and revaluation of real estate for the purpose of the taxation

Based on article 27 of the Law No. 989/2002 on estimative activities (The official monitor of the Republic of Moldova, 2002, No. 102, the Art. 773), with subsequent changes, and article 279 of the Tax Code of the Republic of Moldova No. 1163/1997 (The official monitor of the Republic of Moldova, the special edition of February 8, 2007), with subsequent changes, and also parts (5) article 4 of the Law No. 1056/2000 on enforcement of the Section VI of the Tax code (The official monitor of the Republic of Moldova, 2000, Art. No. 127-129, 886), with subsequent changes, DECIDES: the Government

1. Approve:

1) Regulations on real estate appraisal for the purpose of the taxation, according to appendix No. 1;

2) Regulations on revaluation of real estate for the purpose of the taxation, according to appendix No. 2;

3) Regulations on assessment or updating of inventory real estate value for the purpose of the taxation, according to appendix No. 3

2. To the agency of geodesy, cartography and inventory and GU "Inventory of Real Estate" to take necessary measures for application of provisions of the above-stated regulations and in 3-month time from the date of publication of this resolution to bring the regulations into accord with them.

3. Declare invalid the Order of the Government No. 1303/2004 about approval of the Regulations on real estate appraisal for the purpose of the taxation (The official monitor of the Republic of Moldova, 2005, Art. No. 65-66, 407), with subsequent changes.

4. This resolution becomes effective from the date of publication in the Official monitor of the Republic of Moldova.

Appendix №1

to the Order of the Government of the Republic of Moldova of November 18, 2020 No. 827

Regulations on real estate appraisal for the purpose of the taxation

I. Basic provisions

1. The regulations on real estate appraisal for the purpose of the taxation (further - the Provision) establish evaluation procedure of real estate for the purpose of the taxation by application of procedures of mass assessment and three methods of market assessment: method of comparative analysis of sales, profitable method and costly method.

2. In case objects of assessment are unique or specific real estate units, procedures of individual assessment on the basis of the methodology approved by the Agency of geodesy, cartography and inventory according to the approaches to assessment provided by the Law No. 989/2002 on estimative activities are applied.

3. In this Provision the following concepts are used:

type of the real estate unit - category to which refer the real estate unit depending on type of the current use. The type of use corresponds to preferential use of real estate object at the time of implementation of assessment, irrespective of its appointment;

the reference real estate unit - the real estate unit with certain technical characteristics used for determination of level of cost in estimative zones. For each type of real estate object the reference real estate unit is determined;

estimative zone - geographical zone within which real estate units of the same type and/or subtype have equal value;

cost level - the cost of the reference real estate unit in certain estimative zone;

assessment model - the mathematical representation in the form of the table or the equation describing ratio between the project cost of the real estate and cost factors determining it;

date of assessment - date for which the report on analysis results of model of assessment applicable to certain type or subtype of real estate and which is starting point for value assessment of the corresponding real estate objects is constituted;

date of the last assessment - date for which the previous real estate value for the purpose of the taxation on the basis of model of assessment developed for the corresponding type or subtype of real estate was calculated;

the market analysis - studying and consideration of market conditions of the real estate for determination of the factors influencing market value of the real estate unit using expert method and methods of statistic analysis;

market data - price information of sale and on payment on property hiring, the rent, paid in case of free transactions with objects, and also about the prices offered for real estate units which characteristics are known;

estimative factor - the characteristic of the real estate unit which influences its market value and is included in assessment model;

the structure - the building or construction which cannot be moved without prejudice to its appointment and consists of one or several parts constituting integrated whole. Signs of indivisibility are: general walls and the base with connection of parts, irrespective of appointment of the last and from construction materials of which they are made; in the absence of connection between parts of one structure sign of unity general purpose of structure, uniformity of materials from which walls, general staircases, single architectural completeness are put up can be;

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