| Summary: | On 27.10.2023, Law no. 296/2023 on some fiscal-budgetary measures to ensure long-term
sustainability was published in the Official Gazette no. 977. This law introduced substantial
amendments to the Tax Code and introduced many new elements from a tax perspective, with an
impact on both individuals and legal entities, including the liberal professions, not only in terms of
an increase in the level of taxes and contributions, but also in terms of an increase in their
administrative burden. Following the negative reaction expressed in particular by the business
sector, taking into account the recommendations issued at European level for Romania, on
15.12.2023, Government Emergency Ordinance No. 115/2023 was published in the Official Gazette
No. 1139 on some fiscal-budgetary measures in the field of public expenditure, for fiscal
consolidation and combating tax evasion, for amending and supplementing some normative acts,
as well as for extending some deadlines. This paper aims to analyse the possible impact of the new
fiscal-budgetary measures at macroeconomic level, determining the positive and negative sides
with regard to the fulfilment of their intended purpose.
|
|---|