The Finance Ministry reposts on its website, for public consultation, a draft amending the Fiscal Code, and the new document will come into effect on January 1, 2015.
Simplification, efficiency and predictability of tax legislation are some of four principles underpinning the stability pact, alongside boosting direct investment, depoliticising, computerising and professionalising of the National Tax Administration Authority (ANAF) as well as zero tolerance for tax evasion.
Referring to transparency, FinMin Ioana Petrescu mentioned in a press conference a draft law amending the capital market law that is currently in its third of fourth version following consultations with the interested parties.
Also, in his turn, Razvan Nicolescu, Minister Delegate for energy, announced that Romania’s energy strategy will be launched Friday in public debate. The main objective of the strategy aims to ensure Romania’s energy security. “Romania has the chance in 2020 to be the second country, after Denmark, which will produce more primary energy resources than consuming. This will give our country a regional strategic role,” Nicolescu said.
In another context, attending the event, Darius Valcov, Minister Delegate for budget said Romanian authorities and IMF mission are negotiating a budget deficit of 1.4 percent of GDP for 2015.