OrbitaxTax Code amendments approved – Direct taxes
|Approved Changes|Romania
On 14 November 2013, the government approved an Emergency Ordinance for amending the Tax Code and other tax measures. The amendments will enter into force on 1 January 2014. The major proposals (as published on the Ministry of Finance website) are summarized below.
Corporate taxation
A special tax regime will be introduced for holding companies, under which the following income is exempt:
