Romania To Keep IT Income Tax Exemption – Finance Ministry

Romanian IT developers will continue to enjoy income tax exemption, and the Government’s letter of intent to the IMF and memorandum of understanding with the EU make no mention of eliminating this advantage, says a Finance Ministry press release issued Thursday.

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A draft emergency ordinance published Wednesday, which amends the Fiscal Code, included a provision whereby computer programmers would no longer be exempt from paying income tax.

After this information was made public, the Romanian Alliance of Employers' Organizations came out in criticism of the Government's plan, arguing that levying the income tax on IT developers would lead to an exodus of specialists and investors and turn Romania into a software importer.

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