Thu, 01/10/2015
A new Fiscal Code Fiscal code will enter into force starting January 2016. The amendments with the most significant impact refer to:
-
The decrease to a 20% value added tax (VAT) starting on 1 January 2016 from the current 24%;
-
The reduction of the dividend tax, from 16% to 5% as of 1 January 2017;
-
The revocation of the tax on special structures and additional excise duty on fuels is postponed until January 2017.
Contact:
Irina Savastre
Head of Global Securities Services Romania
irina.savastre@unicredit.ro