Romania's tax legislation is particularly volatile, with tax increases and amendments to legislation often being introduced at very short notice. In the current economic climate, the authorities are also especially vigilant about protecting budget revenue.
Because tax law in Romania is so complicated and changes so frequently, organizations andindividuals need a trusted advisor who can help them stay in touch with legislation and theway it is interpreted. They can also benefit significantly from having a specialist to take careof their tax affairs, so that they can concentrate on commercially productive activities.
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The information contained herein is of a general nature and based on authorities that are subject to change. Applicability of the information to specific situations should be determined through consultation with your tax adviser. This article represents the views of the authors only, and do not necessarily represent the views or professional advice of KPMG.