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Romanian Govt To Change Fiscal Code, To Include Facilities Of Econ Plan

The fiscal facilities from the Romanian Government's economic support plan will be introduced by modifying the Fiscal Code and the Fiscal Procedure Code, Romania’s Prime Minister Calin Popescu Tariceanu said Wednesday.
Romanian Govt To Change Fiscal Code, To Include Facilities Of Econ Plan
19 nov. 2008, 18:08, English

The main purpose of the support plan is limiting layoffs, Tariceanu said.
 
“We will not delay the adoption of measures for enforcing the economic support plan. We receive several distressing signals from different industries and there is a great risk of collective layoffs that we want to avoid,” the Prime Minister said in Wednesday’s governmental meeting.
 
He also expressed his intention to reduce the vulnerability of the Romanian economy to the effects of the global financial crisis.
 
Last week, the Romanian government presented a four-year plan having a series of fiscal facilities, such as a “fiscal bonus” granted to the persons who pay their taxes on time.
 
Other fiscal facilities from the support plan include measures such as reducing social insurance contributions by 10 percentage points in the next four years, not taxing the reinvested dividends.
 
The government will also give state aids worth EUR50 million for investments that exceed EUR100 million.