OrbitaxTax changes for 2013 announced
|Proposed Changes|Romania
On 13 May 2012, the Prime Minister announced that the Government's plan for 2013 includes:
| - | to maintain the flat-tax rate of 16% for companies; | |
| - | to introduce progressive taxation for individuals (at the rates of 8%, 12% and 16%); | |
| - | to reduce, by 5 percentage points, the social security contributions for the employer; and | |
| - | to reduce the VAT rate for the sale of agricultural products. |