Obligation To Submit Quarterly Fiscal Statements Stifle Stock Exchange And Mutual Funds

12.12.2011 ZF English

Over 200,000 Romanians who invest in mutual funds or on the stock exchange have to go five times a year to fiscal agencies to submit income statements for amounts often of no more than 10 lei. Quarterly statements were introduced on July 1, 2010 and significantly discouraged capital market investments.

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Keywords:
FISCAL STATEMENT
, STOCK EXCHANGE
, FUNDS
, TAX