Romania Provides Specific Tax Exemption for HORECA Sectors and Amends Provisions for Tax Rulings
Romania has published Ordinance no. 11 of 31 January 2022, which contains measures for a 180-day exemption from the specific tax for businesses in the HORECA (Hotel, Restaurants, Catering) sectors from 31 January 2022. The specific tax for the remainder of 2022 is calculate by dividing the standard tax amount by 365 and multiplying the resulting amount by the difference between 365 and 180.
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