The ruling coalition also decided that firms with a turnover of up to EUR100,000 will submit fiscal statements quarterly, not monthly.
Finance Minister Gheorghe Ialomitianu on Monday put forward several propositions to amend the Tax Code, such as keeping into 2012 taxes paid by owners of multiple homes and owners of vehicles with an engine capacity of more than 2,000 cc, after the Parliament limited their application to 2011.
According to the sources, the ruling coalition approved the minister’s propositions.
In 2010, the Government doubled the tax on vehicles with an engine capacity of more than 2,000 cc and raised the taxes paid by owners of multiple buildings by 65% for the first building other than their residence, by 150% for the second such building and by 300% for subsequent buildings.