Update of Currency Devaluation Coefficients – Order no. 340/2023, of November 8

Under the terms of Article 47 of the IRC Code and Article 50 of the IRS Code, Ministerial Order 340/2023 updated the currency devaluation coefficients to be applied to assets and rights sold during 2023. These values are updated annually for the purposes of determining the taxable amount for IRC and IRS.