The number of taxes and duties has been cut by 176 and until May 14th the legislative acts on the removal or decrease of some others will be adopted, PM Emil Boc said at the opening of the SMEs Fair, TIMM 2009.
„We have counted the total number of taxes and duties and have cut 176 of them. By May 14th we will have the legal framework for the removal or decrease of other such taxes, to unburden the business environment and ease bureaucracy,” the PM said.
Boc has mentioned that the Romanian fiscal legislation will be simplified and has specified that work on a zero tax on the reinvested profit is under way, a move aimed to support the business environment.
„We have positive signals for an improvement of the business environment and the smooth running of Romanian economy,” he explained.