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Tax Code amendments approved – Direct taxes

|Approved Changes|Romania
Romania

On 14 November 2013, the government approved an Emergency Ordinance for amending the Tax Code and other tax measures. The amendments will enter into force on 1 January 2014. The major proposals (as published on the Ministry of Finance website) are summarized below.

Corporate taxation

A special tax regime will be introduced for holding companies, under which the following income is exempt:

-   dividends received from companies situated in t…

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