On a constantly changing real estate market, where buyers have increasingly customized demands, the provisions of art. 291(3) letter c) point 3 of the Fiscal Code, applied to obtain the reduced rate of 5% VAT in case of the delivery of new housing, were unclear because they were interpreted by referring – totally or partially – to the provisions of the Housing Law no. 114/1996 republished, amended and supplemented. The term housing whi...