Romania Considering Changes in Bank Financial Assets Tax
The Romanian Government is reportedly considering changes in the new financial assets tax on banks that was introduced 1 January 2019 ({News-2019-01-24/A/7-previous coverage}). This includes a change in the progressive rates of 0.1% to 0.5% based on Romanian Interbank Offer Rate (ROBOR) to fixed rates of 0.2% or 0.4% based on a banks market share. Banks with a market share below 1% would pay th…
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