Parliament adopted the law containing the fiscal measures included in the second package

During Tuesday's plenary session, Parliament adopted the law containing the fiscal measures included in the second package for which the government assumed responsibility.

The bill re-entered the legislative process because a phrase in the text had been declared unconstitutional. It was therefore removed, and the rest of the provisions remained unchanged. These include several tax changes affecting commercial companies, insolvency proceedings, and local property and vehicle taxes, which are set to increase next year.

The opposition has again voiced criticism, but representatives of the ruling coalition have argued that the measures are necessary to balance the state budget.

Companies will be required to have a bank account and accept card payments, and those that have been inactive for a year will be dissolved. AUR Senator Petrisor Peiu criticized the provisions of the law.

Petrisor Peiu: It is not normal to increase the tax on dividends, it is not normal to over-regulate, it is not normal to place an additional burden on entrepreneurs who want to start a business, it is not normal to over-regulate transporters and burden them with additional taxes. What you have caused is an economic contraction.

PSD deputy Adrian Caciu, former finance minister, rejected the opposition's criticism.

Adrian Caciu: This law no longer allows the outsourcing of revenues from multinationals. It is a law that indeed taxes capital, and you should know that this must be socially equitable, that we must have a balance with capital tax. However, you support multinationals. We support the idea that revenues generated in Romania should remain in Romania and be taxed in Romania.

The measures included in the fiscal package will come into force on January 1 next year.

Translated by: Radu Matei