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Romanian president promulgates Govt’s fiscal package

October 27, 2023

Romania’s president Klaus Iohannis promulgated the fiscal package promoted by the government, which is expected to have a positive impact of just over 1% of GDP on next year’s budget balance.

The fiscal package includes measures aimed at reducing public sector spending and financial discipline.

Among them is the introduction of a tax of at least 1% of the turnover, if this is larger than the 16% profit tax, a 2% turnover tax for banks, the increase of taxation...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/romanian-president-promulgates-fiscal-package-2023
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