Fiscal Code republication, expected at yearend

The first meeting of the Fiscal Code took place yesterday at the Finance Ministry, where representatives of the business environment, academic one and fiscal consultants discussed with ministry experts on issues related to tax legislation and Fiscal Code republication, scheduled for the end of this year.

“We talked on the Finance Ministry’s strategy to cut red tape at the legislative level, on the republication of the Fiscal Code and fiscal procedure Code, between which there also are some inconsistencies. We set a calendar, with monthly meetings. The next meeting will be in mid-March and until then we’re waiting for suggestions on the basic principles at the level of the two codes,” Dan Lazăr, a secretary of state with the Finance Ministry in charge with tax policy, told ZF.

The Fiscal Code came into effect in early 2004 and has over time suffered frequent changes, which are confusing the business environment. Republication is highly important, having been expected for long and by everybody.