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Law No. 30 Of January 26, 1999 For Supporting Exports

Original Language Title:  LEGE nr. 30 din 26 ianuarie 1999 pentru sprijinirea exporturilor

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LEGE no. 30 30 of 26 January 1999 to support exports
ISSUER PARLIAMENT
Published in OFFICIAL MONITOR no. 35 35 of 28 January 1999



The Romanian Parliament adopts this law + Article 1 The corporate tax is reduced by 50% in the case of taxpayers who collect income from the export of goods and services, as well as from international service supplies, for the part of the taxable profit that corresponds to the share of these revenues in total revenue volume. + Article 2 (1) Annually, by the law approving the state budget, amounts will be provided for the bonus of all interest related to loans contracted by economic agents for export. (2) The Government will initiate and finance actions to promote exports, through the organization of fairs and exhibitions, symposia and conferences. (3) The amounts necessary to finance the actions provided in par. (2) will be distinctly highlighted in the state budget and will not be less than 0.1% of the volume in foreign currency of the export made in the previous year. + Article 3 On the date of entry into force of this Law any contrary provisions shall be repealed. This law was adopted by the Chamber of Deputies at the meeting of December 28, 1998, in compliance with the provisions of 74 74 para. (2) of the Romanian Constitution. p. CHAMBER OF DEPUTIES PRESIDENT, ANDREI IOAN CHILIMAN This law was adopted by the Senate at the meeting of December 28, 1998, in compliance with the provisions of art 74 74 para. (2) of the Romanian Constitution. p. SENATE PRESIDENT, CRISTIAN DUMITRESCU -------------