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Aug 25 - first deadline for tax on banks' financial assets

The tax on the banks' net financial assets will be an annual tax paid half-yearly and in 2019 the first payment deadline will be August 25, Finance minister Eugen Teodorovici announced on Friday after the government meeting that approved amendments to Ordinance No. 114/2018."This is an annual tax on banking institutions payable half-yearly and is the product of the tax base and the tax rate; the resulting amount is reduced according to the two adjustment criteria. ...

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