PM Boc: Reinvested profit not to be taxed as of October 1st

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Leader of the Democratic Liberal Party (PD-L), PM Emil Boc, said on Monday he commissioned the Finance Minister and the other ministers in the team of negotiation with the IMF with supporting the necessary measures for the economic activity and business environment, in order to keep jobs.

After the coalition meeting at the Victoria Palace (Govt headquarters) the PM announced that the government would introduce the measure on non-taxing reinvested profit as of October 1 while the introduction of the lump sum tax would be restricted by domains starting January 1st, 2010.

Emil Boc stated that the VAT and the flat tax will be maintained at the same level.

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