Romania Publishes Law Enacting Certain Corporate Tax and VAT Provisions
Romania has published Law No. 72 of 22 March 2018 in the Official Gazette, which provides for the enactment of certain corporate and value added tax (VAT) amendments, including:
- Provisions for the deduction limit in relation to the disposal of receivables, which provides that only 30% of the net loss resulting from the difference between the disposal price and the cost/value of the receivable…