Romania Amends Interest Restriction and CFC Rules

Romania has published Law no. 30 of 10 January 2019, which includes various amendments, including in relation to the country's interest deduction restriction rules. This includes:

• An increase in the safe harbor threshold from the RON equivalent of EUR 200,000 to the RON equivalent of EUR 1 million;
• An increase in the percent deduction in excess of the safe harbor from 10% of the calculation basis to 30% (calculation basis is similar to EBITDA); and
• The addition of provisions in relation to…