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March 29, 2023

Romania will be importing software

The Romanian Patronage Confederations’ Alliance (ACPR) opposes the government’s intention to tax incomes from IT, arguing that this decision will result in the departure of specialists and investors in this field and transform Romania into an importer of software, Mediafax reports. “The young people in IT, who bring the country more funds than an instalment from the IMF loan, will be drawn by better wages in other countries and, thus, Romania will become an importer of software, rather than an exporter, regressing to the situation of a couple of years ago, when it used to import licenses worth EUR 300 M, unlike now, when it exports licenses worth EUR 500 M,” is stated in a release from ACPR. The new Fiscal Code stipulates that incomes from wages obtained from activities of computer-programming be taxed. Moreover, representatives of ACPR argue that the taxing of incomes from IT “will chase investors from this field and will spell the end of” one of the last industrial sectors in which Romania remains competitive on the international market. The Alliance also opposes the project of “nationalising pensions” by transferring funds from Pillar II, of private pensions, to Pillar I (state pensions), which “destroys” the chances of young people contributing, at present, to a European pension.

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