LAND PROJECTS PRESENTATION
Report on retail, investments and construction romania 2014
Please find the report on retail, investments and construction in Romania in anexa. The report on retail, investments and construction in Romania is a periodical publication of our chamber. The report on retail, investments and construction in Romania contains activities in the sector and leads for investors.
Read more in the attached file.
According to the provisions of the Romanian Fiscal Code, the deductibility of interest expenses for RON denominated loans granted by entities other than credit institutions, non-banking financial institutions, legal entities that grant credits according to the law and international development banks is limited to the level of the reference interest rate set by the National Bank of Romania corresponding to the last month of the quarter.
Consequently, from August 2013 the deductibility limit will be set at 4.5%, unless further changes occur by the end of the third quarter.