Asked whether the new Tax Code will change the tax policy, given the opinions that labor is overtaxed, the Prime Minister answered that the Finance Minister has yet to complete the project.

“The flat tax of 16% will not be changed, and not via the Fiscal Code First, we’ll not give up on the flat tax of 16% and no new taxes are needed. Our goal is, considering we continue the trend of improved collection to the budget, to be able to lower the VAT for food as of January 1, 2016,” said Ponta, cited by local Agerpres. (Source: Romania-insider.com)