Law No. 30 of January 26, 1999 for supporting exports published in PARLIAMENT ISSUING the OFFICIAL GAZETTE nr. 35 of 28 January 1999, the Romanian Parliament adopts this law.
Article 1 corporate income tax shall be reduced by 50% in the case of taxpayers who receives income from exports of goods and services, and the provision of international services, the portion of taxable profit which corresponds to the share of such income in the total amount of the income.
Article 2 (1) on an annual basis, by the law approving the State budget, will be provided for all interest grants for loans by businesses for export.
(2) the Government shall initiate and will fund actions to promote exports by organizing fairs and exhibitions, symposia and conferences.
(3) the amounts required for the funding of actions referred to in paragraph 1. (2) will be highlighted in the national budget and will not be less than 0.1% of the amount in the currency of export achieved in the previous year.
Article 3 entry into force of the present law shall repeal any provisions to the contrary.
This law was adopted by the Chamber of deputies at its meeting on 28 December 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. CHAMBER of DEPUTIES PRESIDENT, ANDREW JOHN CHILIMAN this law was adopted by the Senate at its meeting on 28 December 1998, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. SENATE CRISTIAN DUMITRESCU-------------