19.1 C
August 12, 2022

President Klaus Iohannis promulgates Fiscal Code

President Klaus Iohannis on Monday announced he promulgated the Fiscal Code.
“Today, I promulgated the Fiscal Code,” the head of state told a press conference at the Cotroceni Presidential Palace.

He pointed out that he sent the Legislature the Fiscal Code for review for two reasons, one being related to the fact that a thorough debate on this topic hadn’t taken place.

“In my opinion, there hadn’t been a proper public debate as for a tax code. The Fiscal Code is one of the most important laws. Such a law requires a multi-angle debate, a thorough debate, with the participation of all actors involved. No such debate had taken place in Parliament. In the civil society, the Fiscal Code was debated very little before the first approval. I thought it isn’t right and that a broad debate was required. After I sent the piece of legislation back, this thing happened and I can say that the debate that took place after that met the expectations. It would have been good if it had taken place before, but even like this I believe that it was all right,” the head of state said.

According to Iohannis, another reason for having requested the re-examination of the Fiscal Code was that the measures proposed in this law weren’t right.

“The second reason for which I resent the Fiscal Code to Parliament then was related to what we could call responsibility. I wanted it to be very well analysed and the right conclusion to be reached on this Fiscal Code, taking into account that the initial version proposed a fiscal relaxation which I found too steep, too many fiscal unburdening measures at once didn’t seem right. However, I didn’t think that it was my role, that of the President, to say in the public space what measures should stay, what measures shouldn’t come into force. That is why I didn’t attend that debate and I didn’t voice my stand, I did it on purpose, because I wanted specialists to do this thing, which has also happened,” Iohannis pointed out.

The President voiced his satisfaction with the manner in which the subsequent debates on the Fiscal Code were carried out. “The fact that the second time the Tax Code was approved practically unanimously was a very good thing and showed that the debate was thorough and responsible. I am very pleased with the way the public debate went, including the debate among parties and the final voting. For these reasons I promulgated the Fiscal Code today,” Klaus Iohannis concluded.

PM Ponta: I am very glad Fiscal Code is now a certitude

Prime Minister Victor Ponta on Monday hailed President Klaus Iohannis’s signing the Fiscal Code into law.

“I am very glad – the Fiscal Code is now a certitude! The 20 percent general VAT rate and 9 percent for foodstuffs – a fundamental USL [Social Liberal Union] promise / very well for Romanians!,” Ponta wrote on Facebook.

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