3 November 2023 Author Stela Colun
The Law no. 296/2023 regarding certain fiscal and budgetary measures to ensure Romania’s long-term financial sustainability was published in the Official Gazette of Romania, Part I, no. 977/27.10.2023.
The Law 296/2023 will enter into force on 1st January 2024, with certain exceptions.
The Law 296/2023 regulates measures to support efforts to recover the budget deficit:
fiscal measures (e.g., introduction of new taxes, limitation or elimination of some fiscal facilities);
measures to ensure fiscal compliance:
• measures to prevent and combat illegal economic activities;
• the establishment of the national RO e-Seal System to ensure compliance with the traceability of road transport of goods
on the territory of Romania;
• changes to the ceilings of cash receipts and payments.
This newsletter presents the most important fiscal measures.
I hope you find this newsletter helpful.
Should you have any questions or need additional clarifications, please let me know.
I encourage you to send this newsletter to your colleagues.
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