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Romania Considering Change to Progressive Tax System

|Proposed Changes|Romania
Romania

Romanian Prime Minister Nicolae Ciucă announced on 18 May 2022 that the government is considering changes to the country's tax system that would include the replacement of current flat tax rates with progressive rates. Romania currently imposes a flat 10% tax rate on personal income, while corporate income is subject to a 16% tax rate. Finance Minister Adrian Câciu has been instructed to presen…

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