(Emergency Ordinance no. 14 / 2014, published in the Official Gazette No. 241 on 4 April 2014)

According to the Emergency Ordinance, the excise duty on diesel fuel is reduced by EUR 40 per 1000 liters, respectively EUR 47.34 per ton, for diesel used as fuel for the following purposes:

- road transport of goods for own purposes or for other persons, with vehicles or articulated vehicle aggregates intended exclusively for road transport of goods having a maximum authorized gross weight of at least 7.5 tones;

- transport of persons, regularly or occasionally, except for local public transportation, with vehicles from the M2 or M3 category.

The reduction of the excises’ level is granted through the refund of the difference between the standard level of excise duties and reduced level of excise duties for EU authorized operators.

This measure applies until 31 March 2019, for diesel fuel acquired after the entry into force of Emergency Ordinance no. 14 / 2014.

For additional information, please contact:

Venkatesh Srinivasan, Partner – Head of Tax and Legal

Ernst & Young SRL and E. Platis, C. Bazilescu LLLP

15-17 Ion Mihalache Blvd.

Bucharest Tower Center Building,

22nd Floor, Sector 1

011171, Bucharest, Romania

Tel: (40-21) 402 4000

Fax: (40-21) 310 7124

Email: office@ro.ey.com

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