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Amendment of the fiscal Code

Monday, May 12th of 2012, the Romanian Ministry of Finances released the Emergency Ordinance draft regarding the amendment and supplementing of Law no. 571/2003 – The Fiscal code and regulation of fiscal measures.

The new regulations are essential.  For example the VAT for small businesses will be increased to 65,000 Euro from the current 35,000 Euro.

>> The source: JURIDICE.ro

Diana STOICA

 

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