A draft amendment to the General Tax Code has been submitted to the Parliament under which companies that have most of their revenues in foreign currency shall use such currency to pay their taxes.
Even though this legal regime will still have to be approved by the Parliament, it has been reported that it will cover companies with more than 60% of their revenues paid in foreign currency.
For further information please contact us at info@ccsllegal.com.
[Photo: Hermenegildo Sebasti√£o, availabe at: unsplash.com]