On 18 February 2015, the Romania government introduced draft measures to reduce or repeal a number of the country's taxes. The proposed changes include:
- Reducing the standard value added tax (VAT) rate from 24% to 20% from 1 January 2016, and a further reduction to 18% from 1 January 2018,
- Repealing the 16% dividend tax on domestic companies from 1 January 2016,
- Repealing the 1% special constructions tax from 1 January 2016,
- Reducing the social security contributions rates from 15.8% to 13.5…