1 July 2015
On 25 June 2015, the Romanian Chamber of Deputies (lower house) approved draft revisions to the Tax Code and Fiscal Procedures Code to be included in 2016 Budget legislation. The approved revisions generally follows measures introduce by the government in February 2015 with some changes, including:
The above measures are to apply from 1 January 2016 and are part of Romania's Plan for Fiscal Relaxation 2016-2020, which also includes a reduction in social security contributions in 2017 and a reduction in the corporate tax rate in 2019. Click the following link for previous coverage of the plan.
We’re here to answer any questions you have about the Orbitax products and services.
We’re committed to providing high value, low cost tax research and management solutions.
Our Twitter account is where you can find latest information, news updates, offers and lots more.