Tax On Revs From Stock Exchange Invests Might Be Eliminated In ’09 – Fin Min

“We will amend the fiscal code, and we will suspend the taxes on revenues coming from bourse investments made in 2009,” Vosganian said.

Vosganain also said that the losses made by the issuers in 2009 will be carried forward in the following year, and if the company registers profit in the following year, the tax will be lowered.

"Both the 1% tax for portfolios that exceed one year and the 16% tax for portfolios for the ones lower than a year, will be suspended for the entire year in 2009," Vosganian said.

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Earlier in the week, the minister said the Economy and Finance Ministry and the National Securities Commission, or CNVM, will announce measures to boost investments at the Bucharest Stock Exchange.