On 27 October 2023, Law 296/2023 was published in the Official Journal of Romania no. 977. Among other things, the law substantially modifies the Fiscal Code. Most of the provisions of the law will enter into force starting from 2024, but there are also exceptions, such as those concerning the tax exemptions applied to some categories of salary income (IT, construction, agriculture) which will come into force starting with the income related to the month following the adoption of the legislation and its publication in the Official Journal of Romania, i.e. starting from November 2023.
We present below the main changes to tax legislation, as well as other relevant laws for the business environment in Romania.
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