On 4 January 2022, Romanian President Klaus Iohannis promulgated Decree no. 13/2022 for the ratification of the pending protocol to the 1997 income tax treaty with Israel, becoming Law no. 4/2022. The protocol, signed 3 November 2020, updates Article 2 (Taxes Covered) and Article 3 (General Definitions), and replaces Article 27 (Exchange of Information) in line with OECD standards for informati…