Gov't passes amendments to Tax Code, including taxes on SMEs, income tax, social security contributions
Publicat:The Government on Wednesday passed a series of measures regarding the tax on SMEs, income tax and social security contributions by amending the Tax Code.
It says in a press statement that in the area of corporate taxation, the emergency ordinance adopted at its meeting on Wednesday revises taxes on microenterprises, which would be subjected to a 1-percent tax on real revenues, and so would do the SMEs deriving revenues of between 500,000 euros and 1,000,000 euros currently paying a 16-percent profit tax.
The ordinance is said to translate into Romania's legislation the provisions…
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