02.18.2015

The Romanian government will allow local authorities to raise taxes directly, by up to 50%, every three years, based on inflation rate, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to establish taxes on apartments and houses at 0.08%-0.2% of the taxable value, from the current 0.1%, as of January 2017, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to cut the flat tax rate to 14% as of January 2019, from the current 16%, according to the new Tax Code Draft. more

02.18.2015

Micro-enterprises will have to pay a tax even if they don't have any employees and firms with one or more employees will pay 3% and 1% of their turnover, respectively, while firms with no employees more

02.18.2015

Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax Code more

12.10.2014

The Romanian government on Wednesday adopted an amendment to the Tax Code whereby the level of excises will be expressed in lei as of next year and indexed for inflation annually as of 2016. more

12.05.2014

The level of excises will be expressed in lei as of next year and indexed for inflation annually as of 2016, according to a draft amending the Romanian Tax Code. more

08.01.2014

The planned tax on special constructions will be applied starting 2015, most likely at the net fiscal value and not at the gross book value, as it happens now, Romania’s Finance Minister Ioana more

02.14.2014

The new insolvency code, a law that banks and other creditors expect to make it easier for them to get their money back, while ailing companies hope it will provide them with a better framework for more

11.07.2013

The Romanian government will lower the revenue cap on micro-enterprises from EUR65,000 to around EUR50,000 (RON220,000) to get more firms into the tier of businesses that pay taxes on profit, a more

10.09.2013

The Romanian Ombudsman Wednesday has challenged the country’s recently adopted Insolvency Code at the Constitutional Court. more

10.08.2013

Romania’s new Insolvency Code, to take effect on October 25, will impact small- and medium-sized companies, whose reorganization can’t be carried out in only one year, and will push them into more

10.05.2013

Romania’s new Insolvency Code was published in the Official Journal Friday and will take effect on October 25. It will also apply to insolvency requests currently under analysis. more

10.02.2013

Romania’s Government said Wednesday it has approved a new Insolvency Code. more

09.19.2013

Romanian companies involved in international trade must comply with the new Community customs norms to take effect on November 1, KPMG said in a press release Thursday. more

07.31.2013

Romania should consider a package of tax measures rather than single-oriented actions if it wants to amend its tax laws, so that the overall impact on the system may be assessed thoroughly, the head more

07.17.2013

Businesspeople and foreign investors in Romania have submitted a series of propositions to the country’s Finance Ministry meant to improve the Tax Code and support the local business environment. more

07.08.2013

Managers who cause a firm to enter insolvency will have to cover partially or totally the debts registered by the firm from their own pocket and will not be allowed to run other companies for ten more

07.08.2013

Romanian companies facing financial problems may file for insolvency only if their debts exceed 90,000 lei (over EUR20,000), and creditors may submit insolvency claims against debtors 30 days after more

06.28.2013

Romanian consumers were once again denied the possibility to denounce in court potentially abusive clauses introduced by service providers, including banks, after the lawmakers decided Friday to defer more

02.14.2013

Romania’s new Civil Procedure Code will take effect Friday, February 15, after its enforcement date has been changed several times. more

01.23.2013

Romanian meteorologists have issued a yellow code warning expecting heavy snowfall and blizzards in the southern, eastern and northern parts of the country from Thursday, 6:00 p.m. local time, until more

01.22.2013

Romania’s Government approved in a special meeting Tuesday a set of measures introducing new taxes targeting companies and farmers, the increase of the gross minimum wage and the inflation more

01.10.2013

Romania’s Fiscal Guard, Fiscal Inspection, the customs authority and the anti-fraud body will be reorganized into a single structure which will carry out company checkups regularly, Finance Minister more

01.09.2013

The Romanian Government Wednesday approved the ordinance stating local authorities may decide whether or not to increase local taxes in 2013. more