September 24, 2018

Changes To The Fiscal Code To Help Small Firms With Bureaucratic Burden

Gheorghe Ialomitianu, Romanian Finance Minister, said yesterday that the changes planned for the Fiscal Code will support the small firms that are feeling the effects of the financial crisis and will make administration more transparent. According to Ialomitianu, authorities also intend to “ease the administrative burden.” The ruling coalition yesterday approved a legislation change that allows small firms (with a turnover under EUR 100,000) and the certified natural persons (PFA) which have employees to submit the single tax statement every three months, instead of each month, as they are required now.

Source of the news: Nine o’clock (Read More)

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  1. Paul Brazier says:

    This is really good news. I would also like to see the stampila limit increased from 100 RON to 500 RON to improve efficiency

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