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Romania Gazettes Law on Certain Clarifying and Regulating Measures

|Approved Changes|Romania
Romania

The Romanian Ministry of Public Finance has announced the publication of Law No. 177/2017 in the Official Gazette, which amends and clarifies certain aspects of the tax reform Law No. 227/2015 ({News-2015-09-22/A/2-previous coverage}). One of the main measures of the law is bringing businesses subject to the specific tax regime (hotels, restaurants, catering services, etc.) into the micro-enterprise tax regime effective 1 August 2017 if turnover in the year ending 31 December 2016 did not ex…

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