The Committee for Budget (Senate, Chair Eugen Orlando Teodorovici) debates the report for the Draft Bill approving Government Emergency Ordinance 79/2017 (CAS & CASS Transfer) on Wednesday, November 29. Last Wednesday, (November 22) during the weekly sitting of Senate's Committee for Budget, Senators held general debates and presented amendments to GEO 79/2017 without casting any vote.
After the sitting held on November 22, Committee Chair Teodorovici advised the Government to issue another GEO amending this one as it has already gathered a significant number of amendments in Parliament. Teodorovici argued in favor of allowing SMEs to opt between turnover and profit tax, in light of the new EUR 1 million turnover ceiling under which companies are levied 1% turnover tax instead of 16% profit tax. During the same meeting, PNL Senator Florian Câțu argued that these fiscal changes pave the road for "chaos" starting with January 2018, and that they have a weakening effect on foreign investments.
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