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Tax changes for 2013 announced

|Proposed Changes|Romania
Romania

On 13 May 2012, the Prime Minister announced that the Government's plan for 2013 includes:

-   to maintain the flat-tax rate of 16% for companies;
-   to introduce progressive taxation for individuals (at the rates of 8%, 12% and 16%);
-   to reduce, by 5 percentage points, the social security contributions for the employer; and
-   to reduce …

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