Advertising tax dropped

The Cabinet during its latest meeting decided to drop the advertising tax that had to be paid by those benefiting from such services, government sources said. Ordinance 36/2002 on local taxes and duties stipulated that every taxpayer benefiting from any form of advertising was required to conclude contracts in this regard and pay the local budgets an advertising tax ranging between 1%-3% of the total contract value, VAT not-included. This tax was paid every month to the local budget of the territorial-administrative units until the tenth day of the following month, for the entire duration of the contract. As for the tax on using outdoor advertising, it ranged from 65,000 ROL/year/sqm to 130,000 ROL/year/sqm and was possible to calculate for fractions of a square metre. ZF