The Romanian Ministry of Finance is seeking feedback on proposed tax credits and larger research and development deductions to aid investment in six priority sectors.
The ministry proposed seven-year tax credits and a 200% extra deduction for eligible R&D expenses as part of a package totaling up to €3.95 billion ($4.66 billion) to support Romania’s economic recovery after several fiscal consolidation rounds last year.
The tax credits would take the form of a fixed amount, usable against profit tax due over seven years. An extension of up to two years would apply if the recipient records tax losses in the ...
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