During September 2015, amendments were made to Romanian tax regulations. Taxand Romania provides an update on the key changes.
Law no. 227/20155 published in the Official Gazette no. 688 of 10 September 2015.
Starting with 1 January 2016, Law no. 227/2015 regarding the Fiscal Code will replace Law no. 571/2003. The new Fiscal Code brings a new structure, with the following distinct titles and chapters:
Multinationals with operations in Romania should familiarise themselves with the legislative developments and make any changes necessary to their business procedures to remain compliant.