Romania has published Emergency Ordinance No. 19 of 29 March 2019 in the Official Gazette, which amends the new financial assets tax on credit institutions that was introduced 1 January 2019. Key points are summarized as follows:

• The rates based on the Romanian Interbank Offer Rate (ROBOR) are replaced with fixed rates of:
  • 0.2% for credit institutions with a market share below 1%; and
  • 0.4% fo…