Law No. 125 Of 21 December 1995

Original Language Title:  LEGE nr. 125 din 21 decembrie 1995

Read the untranslated law here: http://legislatie.just.ro/Public/DetaliiDocument/6347

Law No 125 of 21 December 1995, for approval of the Government Ordinance. 44/1995 concerning improvement of taxation from income-producing activities to exercise professions and from literary works, scientific and art published in PARLIAMENT ISSUING the OFFICIAL GAZETTE NR. 297 of 27 December 1995 Parliament adopts this law.


The sole article approving Ordinance No. 44/1995 concerning improvement of taxation from income-producing activities to exercise professions and from literary works, art and science, issued pursuant to art. and (b). b) of law No. 81/1995 on empowering the Government to issue decrees and published in the Official Gazette of Romania, part I, no. 203 of 1 September 1995, with the following amendments: 1) in article 3, after paragraph 2, insert a new paragraph with the following content: "for his work in the public interest, by public notaries, which involve determination of stamp duties incurred in notary acts, shall be permitted to deduct, in addition, a 5% share of the income earned as a result of this activity."
2) article 3 (a)), b), c), and (d)) shall read as follows: ' a) 50% in the case of professional artists, members of the Union of artists and the Plastic Fund;

b) 40% in the case of composers and musicologists, members or non-members of the Union of composers and musicologists of Romania, and if their heirs;
  

c 30%) in the case of scientific works and art, except for the work carried out by the persons referred to in subparagraph (a). the a and b));
  

d) 20% in the case of literary works. "
  

This law was adopted by the Chamber of deputies at its meeting of 11 December 1995, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. JOHN CHAMBER of DEPUTIES PRESIDENT, this law was BIBI "adopted by the Senate at its meeting of 11 December 1995, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. SENATE CHAIRMAN ION SOLCAN — — — — — — — — — — — — — — — — — — — — — — — — — — —