STOICA & Asociatii obtains the annulment of a claw-back tax amounting to approx. Euro 1.7 mil. for an important player from the pharma industry

Publication: Bizlawyer.ro

By Decision no. 39 from February 5,2013, the Constitutional Court of Romania admitted the inconstitutionality exception of GEO no. 77/2011, showing unambiguously that the inclusion of the VAT in the calculation of the claw-back tax represents a double taxation.

To read the entire material (in Romanian), please access the link from below:

http://www.bizlawyer.ro/stiri/piata-avocaturii/stoica-asociatii-obtine-anularea-unei-taxe-claw-back-de-aprox-17-mile-pentru-un-jucator-important-din-industria-farma