Romania close to introducing a 20 pct penalty fee that would allow those guilty of tax evasion to avoid prison time

Newsroom 09/10/2018 | 14:08

The Romanian Parliament is close to adopting a new rule regarding tax evasion that would allow those found guilty of fiscal fraud to avoid prosecution and prison time if they agree to pay the prejudice and a special penalty fee of 20 percent of the total amount.

The judiciary committee of Romania’s Chamber of Deputies voted an amendment to a law project already adopted by the Senate.

The form adopted by the Senate introduced a special penalty tax of 50 percent for those found practicing tax evasion but the Chamber of Deputies’ committee lowered that fee to 20 percent.

The project was submitted by PSD MP Catalin Radulescu, who received a suspended prison sentence for economic activities considered incompatible with his MP position.

The law project was supported by the Finance Minister Eugen Teodorovici, who said that the main target of the government should be to bring money to the budget.

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