Romania is introducing a tax exemption on reinvested profit as part of an emergency ordinance. The tax exemption is to apply from 1 July 2014 and is to continue until the end of 2015. This is intended to encourage more investment in new assets in an effort to provide a stimulus to the economy. As part of an effort to simplify the tax system Romania is also planning to remove around 70 business taxes that are considered to be unnecessary.
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