Tax-Free Reinvested Pft, Opportune Yet Late Measure – Assoc

 "(…) They ( the government – e.n.) only take into account the profit obtained between October 1, 2009 –December 21, 2010, but it is a difficult period and few companies will qualify for this facility," Ionescu stated after meeting finance minister Gheorghe Pogea and unions and employers representatives.

The tax exemption will be applicable only for production and/or acquisition of new technological equipment, namely machines, equipment and installations.

The tax exemption on reinvested profit will have a negative budget impact of up to 420 million lei (EUR1- RON4.2240).

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