Romanian PM Boc: Government to take responsibility for a bill on reinvested profit

Romanian PM Emil Boc said Friday that the Government would take responsibility in September for a bill on removing taxation on reinvested profit, Romanian news agency Mediafax reports. He said the bill would be included in a set of laws for which the government would take responsibility early next month.

He said this was a promise he’s been making for a long time as it would provide the business environment with a tool to overcome the difficult economic period.

Following recent talks with IMF representatives, Emil Boc announced that the measure to remove taxes on reinvested profit would be imposed by October 1.