Romania's Finance Ministry introduces new amendments to the fiscal code

Employees who receive shares in the companies they work for as extra benefits will no longer pay social contributions when they sell these shares, reports local Ziarul Financiar. Most times, the stakes are granted to the top management, and this decision will ease the financial burden of companies. The firms’ costs for training students will also be deductible, and the tax exemption on the reinvested profit has been postponed indefinitely. These are some of the changes proposed by the Finance Ministry in a new package of legislative changes. The measures represent amendments to the fiscal code and the tax procedure code, after talks with the business environment. The talks come two months after the scandal related to the amended Fiscal Code project. The local media published a draft project for changing 200 articles in the Fiscal Code, which had been approved in 2015. The scandal led to the resignation of Gabriel Biris, the state secretary who worked on the project . editor@romania-insider.com