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From January 1st 2016, the new Fiscal Code is likely to come into force. The Government proposes a series of fiscal relaxation measures with strong economic impact.
Therefore, starting next year, the VAT would be reduced by 4%, reaching 20%, and the tax for special constructions would be eliminated. Moreover, it is intended to eliminate excises to oil from the internal production.
For more information, please see the Romanian version of the article, here.
