Finance Ministry gathering final suggestions

The Finance Ministry is working on completing the fiscal strategy for 2005-2007, Maria Manolescu, the Ministry’s state secretary in charge of the fiscal policy on Tuesday said. The Finance Ministry is now gathering the last batch of suggestions from business circles and unions to complete and modify the Fiscal Code that has to be concluded by the end of May. A large number of business people are still asking for the fiscal incentive related to the reinvested profit to be reintroduced. The Fiscal Code in effect since January 1, 2004, provides an alternative incentive, the accelerated amortisation of the investments in technology-related assets but not of those in buildings or vehicles. “Even if we went back to the reinvested profit incentive, don’t even think for a moment that we would agree to incentives for different asset categories than in the case of accelerated amortisation,” Maria Manolescu says. She added that under the new regulations, a linear amortisation in the accounting records was possible to apply alongside an accelerated amortisation in the fiscal records. ZF