The new approved Tax Code will continue next year to charge the special construction to an annual 1% of the gross amount of the investment, except agriculture constructions. For another year there will also remain in place the additional duty of 7 cents, applied to motor fuels.

According to the new fiscal framework, VAT decreases from 1 January to 20%, the tax on dividends remains 16% next year, and the decreasing by an average of 18% of excise duty is deferred by one year.

Energy Minister, Andrei Gerea, said on approval of the new fiscal framework: “I wanted to have, besides the liberal measures already adopted, the tax on special constructions removed and reduction of VAT to 19% in 2016, which would have meant tremendous momentum especially psychologically. Demagogy of some who have changed what they voted a few weeks ago and the threat of fiscal instability in the future led us to accept a compromise that is still a step forward. Thanks to liberal measures promoted by ALDE, we send a clear message to Romanian and foreign investors: Romania is a stable country, with a legislation that supports business “.

Iulian Iancu, Chairman of Industry Committee in Chamber of Deputies noted, was quoted by Agerpres saying: “About the Tax Code today, I said to my colleagues, there should have been included special measures for oil and gas for at least two years. First, being a crisis situation, to define and design a crisis program. We should talk with all the services connected horizontally in this area, with everyone involved. Last week we had a meeting with these business actors and my feeling was that we begin to lose no gold Romanian, but our last experience of quality. I think we should sketch this program to overcome the crisis, and secondly should be selected those projects that will have funding and for which there is the necessary information, and thirdly the set of measures that a government must assign to that area to overcome the crisis.”