On 21 September 2010, the Parliament adopted a draft Law amending the Tax Code which, amongst others, introduces the new method of computation of the late-payment interest charged on tax in arrears. The draft Law further provides for an 8% minimum rate of the late-payment interest. The draft is awaiting the President's signature, and will come into force 14 days from the date of publication in the State Gazette.
OrbitaxMinistry of Finance proposes increase of late-payment interest: Draft Law adopted by Parliament
