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The government eliminates minimum tax and approves a set of measures to support companies 

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PM Emil Boc announced on Wednesday that the government will eliminate the minimum tax starting October 1. For now, the govenrment did not introduce the flat tax for the economic sectors that have a potential for fiscal evasion, Finance minister Ialomitianu declared.

Other measures announced by PM Boc:

  • diminishing the level of interest rates for debts not paid in time to the state 
  • the decrease of the investment budget for companies that can receive state aid. Companies that invest between 5 and 10 million euro and create minimum 50 jobs can benefit of a 50% compensation from the value of investment as state aid 
  • the state will release a normative act to sustain companies that are set up by young professionals, up to the age of 35 that will receive state aid 
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