Romania's government has recently approved an emergency ordinance making changes to the country's micro-enterprise tax regime. The changes are in addition to changes made in September 2015 ({News-2015-09-22/A/2- previous coverage}). The additional changes include:
- An increase in the revenue threshold from EUR 65,000 to EUR 100,000 for the micro-enterprise tax regime to apply; and
- New rates applicable as follows:
- 1% on the revenue of micro-enterprises with two or more employees;
- 2% on the re…