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PM Emil Boc: we will eliminate minimum tax this fall and will maintain a flat tax of 16% 

de A.C
Vineri, 16 iulie 2010, 14:59 English | Business

Romanian PM Emil Boc declared on Friday that the Government would eliminate, starting this fall, the minimum tax paid by companies and will maintain a flat tax of 16%. Plus, Economy minister Adriean Videanu said that this might happen on November 1st or October 1st. PM Boc said that for now the government did not start new talks for a new loan with the IMF. 

PM Boc also promised a more simple bureaucracy for tax payers. PM Boc's declarations follow the declarations of Finance minister Sebastian Vladescu who said that he was pushing for a progressive tax system. 

Economy minister Adriean Videanu pleaded for the flat tax. He announced that the Executive is currently considering sustaining young graduates with a support of 20% of the value of some investments and state guarantees to help them set up a new business.

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