On 7 October 2026, the Public Revenue Office (PRO) issued Announcement No. 09/2026 for the electronic auction (e-Auction) of movable and immovable assets seized from tax debtors. The auction, conducted via the PRO’s dedicated e-Auction platform, includes a diverse portfolio of properties—commercial real estate, vehicles, equipment, and other valuables—arising from enforced collection proceedings under the Law on Tax Procedure. Interested bidders must register on the platform, deposit a participation guarantee, and comply with the auction timetable, which specifies viewing dates, bidding windows, and payment deadlines.
Key Takeaways
- Digital Enforcement Modernization: The shift to fully electronic auctions enhances transparency, broadens bidder participation, and accelerates the liquidation of seized assets, improving recovery rates for the state budget.
- Investor Opportunities with Legal Safeguards: Buyers acquire assets free of prior encumbrances, with the PRO issuing a certification of ownership transfer upon full payment, reducing legal risks associated with distressed asset purchases.
- Strict Procedural Deadlines: Bidders must adhere to a tight schedule: registration typically closes 48 hours before the auction, guarantees are forfeited for non-compliance, and full payment is required within 15 days of winning.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement