OrbitaxThin capitalization – deductibility limit for interest on foreign currency loans reduced
|Approved Changes| Romania
On 15 April 2010, the Official Gazette No. 239 published Government Decision No. 296/2010, amending, with retrospective effect from 1 January 2010, the Methodological Norms for the application of the Tax Code.
The Decision decreases from 8% to 6% the maximum interest rate on foreign currency loans granted by legal entities other than financial institutions.
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