Tax on financial assets, significantly reduced, less dramatic impact on banking system
Publicat:The tax on the banks' financial assets has been significantly reduced, having a less dramatic impact on the banking system following Friday's amendment of Ordinance 114, according to Partner and Leader of Tax and Legal practice of EY Romania Alex Milcev.
As a matter of fact, according to Milcev, the most radical changes aim the tax on the financial assets of credit institutions, which was almost completely rethought following the bill amending Ordinance 114 adopted on March 29 by the Government. Thus, according to the new provisions, the tax is due on a half-yearly basis (and not on a…
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