The Finance Ministry announced that amendments made to the fiscal code will be sent to the government at the beginning of 2006. These provisions will be included in a bill which the government will be sent to Parliament for debate. According to finance minister Sebastian Vladescu, the amendments made to the fiscal code will take into consideration suggestions made by businessmen, unions and employers. In Brussels premier Calin Popescu Tariceanu declared that the new Fiscal Code would not be applied as of 1 January 2006 and there will be some time between approving the amendments and their coming into force. The variants of the new Fiscal Code discussed until now provide among other things, the application of a 16% tax on interest rates for bank deposits and dividends, as well as a new controversial tax on corporate stock. Taxes on buildings with commercial use will also rise. According to the finance ministry, real estate transactions will be taxes with 2% of the contract value.

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