BUSINESS

PwC: Interest rate deductibility for real estate credits – a breath of fresh air for the economy

The introduction of the fiscal deductibility for the interest rate of the real estate credits of the population could be a breath of fresh air for the construction sector and conduct to the relaunching of the economic growth, considers Peter de Ruiter, representative PricewaterhouseCoopers (PwC) in Romania, quoted by Mediafax. He told the ‘Romanian Tax, Low & Lobby” forum that the impact of such a measure for the state budget would be insignificant, but for the users such a stimulating measure could have a decisive influence on the decision to buy or not a house. “For the construction sector and actually for the whole economy, this could be a breath of fresh air and could conduct to the relaunching of the economic growth,” Peter de Ruiter said. He added that PricewaterhouseCoopers Romania considers that the fiscal authorities can and must do more to improve the efficiency of the fiscal collection.

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