News » December, 2010 » 30 December 2010
Romanian Govt Puts Off Hiking Taxes On Industrial Property Protection
30.12.2010, 18:52 | Finance-Banks | 709 views
Romania's Government has postponed hiking the taxes on industrial property, charged to natural and legal persons, until 2012, considering that such an increase could reduce the number of requests for protection and affect innovation. Taxes in the field of industrial property would have been calculated, starting with January 1, 2011, using an exchange rate of 4.3 lei to one euro, necessitating they be hiked by 20% to accommodate the change from the currently used rate of 3.6 lei to one euro. Read more on Mediafax.ro
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