Mission
Statement
Achivements
  Organisation
Statute
Structure
  Membership
Membership List
Board of Directors
Join
  News
Daily newsletter
Press Releases
  White book
  Events
  Coalitia
 


AmCham Romania and FIC Call for a Modern, Re-written and Updated Fiscal Legislation


Bucharest, September 13: The American Chamber of Commerce in Romania (AmCham Romania) and Foreign Investors' Council (FIC) have jointly elaborated a set of proposals for modifying the Fiscal code, Fiscal procedural code as well as for improving the implementation of certain customs' procedures and regulations.

The initiative of the two organizations, already at its third edition, was correlated with the announcement of the Ministry's of Finance intent to change the fiscal legislation in view of modernizing it, and has benefited from the support of more organizations representing the business community.

For the elaboration of over 220 proposals advanced to the Ministry of Public Finances more than 100 experts and practioners (consultants, lawyers, accountants, economists, and technical experts) have identified necessary measures for a modern, stable and competitive fiscal environment for Romania, as envisioned by the business community.

"The authorities' openness in the context of meetings to present the AmCham-FIC proposals was encouraging; however the consultation process on the recently-adopted measures has been way below our expectations.
We call for a continued dialogue, so that the final re-written and updated form of the fiscal legislation to come into force on January 1, 2012 will also reflect our proposals. The Fiscal College seems to be the structure that can best facilitate such initiatives, only to the extent to which its organization and functioning will be reformed so that it represents an efficient and representative consultative forum" stated Ionut Simion, AmCham Romania Vice-President.

"Modernizing the fiscal legislation is an important step ahead that Romania needs to make. We trust that an "up-to-date", stable and predictable fiscal legislation along with a transparent enforcement, ensures to economic players in Romania, as well as to those in search of the optimum destination for investments, a coherent legislative framework and the stability both so necessary for doing business" declared Serban Toader, FIC Vice-president.

AmCham-FIC proposals advanced to the Ministry of Finance at the beginning of July have been discussed with Ministry officials in a series of meetings during July and August. Only few of the recommendations have been reflected in the Fiscal code and Fiscal procedural code amendments adopted through Government Ordinances 29/2011 and 30/2011.
AmCham and FIC will continue to plead for rewriting the Fiscal code, a process which in the vision of the two organization must begin in the fall of 2011. AmCham and FIC emphasise that a modern fiscal legislation will improve Romania's competitiveness at the regional level, and the benefits will be reflected in the GDP growth and increased budgetary collections.


About AmCham Romania

The American Chamber of Commerce in Romania (AmCham Romania) is a leading professional business association having a significant contribution in the consultation process on legislation and norms impacting the business enviroment in Romania. Along its 18 years of activity, AmCham remained firmly engaged in facilitating an open dialogue between the authorities and the business community it represents. Our members' expertise is offered to authorities through working groups dedicated working groups such as tax, healthcare, energy, competition, information and communications technology, labor market, human resources and educations, public procurement, tourism, infrastructure and corporate governance.

AmCham Romania represents 300 members - U.S., international and local companies with total investments above 10 billion USD and around 200.000 jobs created. AmCham Romania is affiliated to the U.S. Chamber of Commerce and is a member of the European Council of American Chambers of Commerce.

Contact:

Andreea Roman, Communication Manager
E: aroman@amcham.ro
T: 021 312 48 34
www.amcham.ro


About Foreign Investors Council

The Foreign Investors Council (FIC) is an association of the leading investors in Romania. The FIC was established in 1997 when it officially began its activity with 26 companies as members.

Today, the FIC has 128 member companies whose cumulated investments in Romania exceed EUR 30 billion representing approximately two thirds of the total foreign direct investment made since 1990.

The FIC includes multinational companies providing the Romanian economy with a variety of goods and services, having over 190,000 employees.

The contribution to the Gross Domestic Product of these foreign capital companies operating in Romania is reported in the official statistics at approximately 30%.

The FIC's member companies believe that dialogue between policy makers and all investors lies at the very heart of successfully improving the business climate and stimulating the development of the Romanian economy.

The FIC is well positioned to provide constructive input to policy makers given the breadth of its membership, both in terms of their international experience and their substantial investment in Romania.

Contact:

Doina Ciomag, Director Executiv
E: office@fic.ro
T: 021 222 1931
www.fic.ro


 top

 
TOPICS

The Foreign Investors Council supports the new Fiscal Code while considering its sustainability of utmost importance
 

Consiliul Investitorilor Straini sustine proiectul noului Cod Fiscal si considera ca viabilitatea lui este foarte importanta
 

24 de studenti si medici tineri au participat la cursurile MedClass, sustinute de Consiliul Investitorilor Straini
 

The FIC's Board of Directors elected its new executive management
 

Comitetul Director al FIC a ales noua conducere executiva
 

The Foreign Investors Council emphasizes the need to foster investments in the romanian energy sector
 

Consiliul investitorilor straini subliniaza necesitatea promovarii investitiilor în sectorul energiei din România
 

The tenth edition of the FIC White Book: Regaining Momentumia
 

Cea de-a zecea editie a Cartii Albe: Reconstruirea Increderii
 

12 experts in communication, ethics and management offers courses free of charge to Medical students and young physicians of Romania
 

12 experti in comunicare, etica si management le ofera cursuri gratuite studentilor la Medicina si tinerilor medici din Romania
 

Press Release - FIC Business Sentiment Index - April 2015_EN
 

FIC Business Sentiment Index - April 2015_RO
 

Propuneri prioritare FIC - AmCham de modificare a proiectelor de Cod fiscal si Cod de procedura fiscala
 

AmCham Romania si FIC saluta lansarea în consultare publica a proiectului de rescriere a Codului Fiscal si a Codului de Procedura Fiscala
(25.02.2015)

 

AmCham Romania and FIC welcome the public consultation on the draft Fiscal Code and Fiscal Procedural Code
(25.02.2015)

 

The Foreign Investors Council (FIC) - Event on the better functioning of public institutions
(17.12.2014)

 

Consiliul Investitorilor Straini (FIC) despre imbunatatirea activitatii institutiilor publice
(17.12.2014)

 

The Foreign Investors Council (FIC) - Business Sentiment Index
(09.10.2014)

 

The tax on special constructions will have a significant adverse impact on Romanian business environment
(21.05.2014)

 

Impozitul pe constructii speciale va avea un impact negativ semnificativ asupra mediului de afaceri din Romania
(21.05.2014)

 

The Foreign Investors Council presented the results of a survey among SMEs in Prahova County
(13.05.2014)

 

Consiliul Investitorilor Straini - FIC a prezentat rezultatele unui studiu în rândul IMM-urilor din judetul Prahova
(13.05.2014)

 

The Foreign Investors Council (FIC) unveils its key proposals regarding Romania’s Energy Strategy
(08.05.2014)

 

Consiliul Investitorilor Straini - FIC a prezentat propunerile membrilor sai privind noua Strategie Energetica a României
(08.05.2014)

 

The Foreign Investors Council (FIC) - Transparency and Predictability of the Legislative Act
(25.02.2014)

 

Consiliul Investitorilor Straini (FIC) despre transparenta si predictibilitatea actului legislativ
(25.02.2014)

 

Foreign Investors Council (FIC) in dialogue about the measures for supporting the economic growth
(13.02.2014)

 

Consiliul Investitorilor Straini (FIC) in dialog despre masurile de sprijinire a cresterii economice
(13.02.2014)

 

Campania "De profesie: medic in Romania" a castigat Premiul European pentru Excelenta, la cea mai prestigioasa competitie europeana de comunicare
(16.12.2013)

 

The approval of new taxes should be conditioned by a proper impact assessment and thorough consultation with the business environment
(11.11.2013)

 

Introducerea de noi taxe trebuie conditionata de analiza de impact si de consultarea cu mediul de afaceri
(11.11.2013)

 

Business Environment Calls for an Efficient Insolvency Regime (English version)
(06.11.2013)

 

Mediul de afaceri solicita un regim al insolventei eficient, transparent si predictibil (Romanian version)
(06.11.2013)

 

Romania in infringement (Romanian version)
(10.10.2013)

 

Romania in infringement (English version)
(10.10.2013)

 

FIC si AmCham atrag atentia asupra efectelor generate de unele masuri fiscale
(01.10.2013)

 

FIC and Amcham underscore the effects of several fiscal measures, 1 October 2013
(01.10.2013)

 

The FIC's Board of Directors elected the new executive management
(13.06.2013)

 

Comitetul Director al FIC a ales noua conducere executiva
(12.06.2013)

 

FIC has a new Board
(15.05.2013)

 

FIC are un nou Comitet Director
(15.05.2013)

 

The foreign investors council underlines the need to foster energy efficiency in Romania.
(26.04.2013)

 

Consiliul investitiorilor straini: eficienta energetica trebuie sprijinita.
(26.04.2013)

 

Consiliul Investitorilor Straini (FIC) in dialog despre stimularea absorbtiei fondurilor europene pentru investitii in infrastructura prin imbunatatirea sistemului de achizitii publice din Romania
(14.03.2013)

 

Foreign Investors Council (FIC) in Dialogue about Stimulation of Absorption of European Funds for Investment in Infrastructure by Improving Public Procurement System in Romania
(14.03.2013)
 

Foreign Investors Council (FIC) in Dialogue about Taxation and Future Developments
(07.03.2013)
 

Consiliul Investitorilor Straini (FIC) in dialog despre fiscalitate si evolutiile viitoare
(07.03.2013)
 

The Foreign Investors Council (FIC) is concerned about the recent evolutions on the political scene of Romania
(09.07.2012)
 

The FIC's Board of Directors elected the new executive management
(13.06.2012)
 

Consiliul Investitorilor Straini sublinieaza necesitatea promovarii investitiilor in sectorul energiei din Romania
(07.05.2012)
 

The Foreign Investors Council emphasizes the need to foster investments in the romanian energy sector
(07.05.2012)
 

Consiliul Investitorilor Straini despre problemele din Infrastructura
(28.03.2012)
 

Institutiile publice ar putea deveni motor de crestere economica
(14.03.2012)
 

Public Institutions May Become the Driver for Economic Growth
(14.03.2012)
 

Foreign Investors Council Supporting Small and Medium-Sized Enterprises
(07.02.2012)
 

Consiliul Investitorilor Straini lanseaza Cartea Alba si bilantul Programului de Crestere Economica
(19.10.2011)
 

AmCham Romania si CIS pledeaza pentru modernizarea, rescrierea si actualizarea legislatiei fiscale
(13.09.2011)
 

AmCham Romania and FIC Call for a Modern, Re-written and Updated Fiscal Legislation
(13.09.2011)
 

The FIC's Board of Directors elected the new executive management
(14.06.2011)
 

5 miliarde de euro in 3 ani - Potentialul de investitii al industriei romanesti de energie regenerabila
(23.03.2011)
 

5 billion Euros in 3 years - The investment potential of the Romanian renewable industry
(23.03.2011)
 

Consiliul Investitorilor Straini sprijina eforturile autoritatilor române În ceea ce priveste adaptarea legislatiei care guverneaza piata fortei de munca la conditiile economice actuale.
(08.12.2010)
 

Consiliul Investitorilor Straini a prezentat "Actiunile Prioritare pentru Repornirea Economiei" la Conferinta Regionala Financiara si de Investitii pentru Sud-Estul Europei.
(21.10.2010)
 

VAT rise should be followed by stimulus package to promote investment
(30.06.2010)
 

Cresterea TVA ar trebui sa fie urmata de un pachet de stimulente pentru promovarea investitiilor
(30.06.2010)
 

Foreign Investors Council Has a New Executive Team
(15.06.2010)
 

Consiliul Investitorilor Straini a ales un grup reputabil de presedinti de companii in Comitetul de directie
(18.05.2010)
 

The Foreign Investors Council elected a compelling group of CEOs as Board of Directors
(18.05.2010)
 

Investitorii straini despre mediul de afaceri romanesc
(12.05.2010)
 

Foreign Investors regarding the Romanian Business Environment
(12.05.2010)
 

PRESS RELEASE
(19.11.2009)
 

Investments in Renewable Energy - a Priority for the Foreign Investors Council
(19.11.2009)
 

The priority for the Foreign Investors Council, fiscal stability
 

Stabilitatea fiscala este o prioriate pentru Consiliul Investitorilor Straini
 

Romanian Economic Forum: The business community requests concrete measures for economic recovery
 

Forumul Economic Roman: Comunitatea de afaceri cere masuri concrete de relansare economica
 

The Foreign Investors Council Elects its Executive Officers
 

Consiliul Investitorilor Straini Îsi alege noua echipa Executiva
 

The Foreign Investors Council Elects its Executive Officers
(09.06.2008)
 

Noua echipa executiva a Consiliului Investitorilor Straini (FIC)
(09.06.2008)
 

Twelfth Anniversary of the Foreign Investors Council
(22.05.2008)
 

The Foreign Investors Council Celebrates its 11th Anniversary
 

FIC - Presidents of multinationals on Romania's accession to the European Union on January 1st, 2007
 

The Foreign Investors Council on the Draft Investment Law
6.09.2006
 

The Foreign Investors Council Elects a New Board of Directors - english
04.05. 2006
 
Consiliul Investitorilor Straini alege un nou Consiliu Director - romana
04.05. 2006
 
The Foreign Investors Council and the Labour Code
01.07. 2005
 
The Foreign Investors Council Elects a New Board of Directors
13.05. 2005
 
The Foreign Investors Council welcomes the findings of the EC report regarding Romania
09.10. 2004
 
The Fiscal Environment for 2005 is designed to attract FD
18.06. 2004
 
The Foreign Investors Council Believes the New Law on Capital Markets is a Decisive Step Forward
(20.05.2004)
 
The Government of Romania met with Top European Industrialists and members of the Foreign Investors Council
(16.01.2004)

 
The Foreign Investors Council, the European Roundtable of Industrialists and the Government of Romania to Discuss EU Accession Progress
(20.10.2003)

 
The Foreign Investors Council and the European Roundtable of Industrialists together with the Government of Romania will jointly assess the progress towards a functional market economy
(30.07.2003)

 
The Foreign Investors Council Meets with Delegated Minister Sarbu to Discuss the Labor Code
(21.07.2003)

 
Romania's Foreign Investors Council welcome the Government decision...
(14.10.2002)
 
A new Board Team elected by the Foreign Investors Council
(01.07.2002)

 
The Foreign Investors Council presents its latest...
(17.06.2002)

 

 

 
 
   Useful Links    Terms & Conditions     Privacy policy    Site Map    Contact
  ©2003 Foreign Investors Council
Maintained by Datagram