For the stimulation of the activities of innovation and research, it was introduced the exemption from the profit tax of the tax-payers that conduct exclusively the activities of innovation and R&D, defined according to O.G. 57/2002 regarding the scientific research and technological development, with the subsequent changes and additions, and connected activities in the first 10 years of activity. The tax-payers set-up before January 1^st 2017 will be exempted for a period of 10 years starting with January 1^st 2017, respectively for the period between 2017‐2026, included.

This info is issued by ECOVIS Romania as an informing letter over the most important evolutions/changes in the legal and tax fields, and in the investment environment in Romania as well. The information, the analysis and the comments mentioned above are of generic nature and it is not the intention or the imperative of the issuer to be used as a substitute for professional consulting dedicated to individual cases. For advice concerning your specific situation, please contact us  directly.

© ECOVIS Romania SRL – 2017