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Romania Allows Quarterly Dividend Distributions

|Approved Changes|Romania
Romania

Romania has published Law No. 63 of 10 July 2018 in the Official Gazette. The Law amends the Accounting Law 1991 and the Companies Law 1990 to provide companies with the option to distribute profits (dividends) on a quarterly basis. This includes that distributions may be made during the financial year up to the quarterly net profit, plus any retained earnings and available reserve withdrawals, net of any retained losses and amounts deposited in reserves in accordance with legal or statutory…

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