10.26.2015

European Commission is less optimistic than the Romanian government as regards the tax collection capacity following the fiscal relaxation measures and will watch closely every measure, said Angela more

10.05.2015

Romania's tax authority collected revenues of RON146.58 billion in January-September, 7.8% higher than in the same period last year and 0.8% higher than planned, due to improved collections in the more

06.30.2015

The value added tax revenue in the first five months of the year was 17% higher than in the year-earlier period, and the 3.5 billion lei (EUR779 million) surplus is enough to offset the decline in more

05.27.2015

The Romanian debt collection market fell 28% to EUR1.25 billion in 2014, due to the 34% fall on individuals segment, but the value of collected debts rose 24% to EUR475 million, according to the data more

01.30.2015

Romania’s tax authority ANAF collected only 50.8 billion lei (EUR11.4 billion) in VAT last year even though it had expected RON54.6 billion. VAT revenue therefore dropped in 2014 for the first time more

07.29.2014

The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total revenue of more

04.03.2014

Retail sales rose 9% on the year in February, reaching a two-year high, but tax collections to the state budget did not increase as a result. more

04.01.2014

Tax collection in the first three months of the year ‘was unsatisfactory,’ said Finance Minister Ioana Petrescu on ZF Live business show Monday, therefore, the minister announced “some very more

12.03.2013

Romania expects VAT collection to rise by just 3.4% in 2014, up to RON54.6 billion, while total budget revenues are expected to go up by nearly 5% to RON216.8 billion. These forecasts, included in the more

10.29.2013

The Romanian debt collection market rose 18% in the first half of 2013 to EUR747 million, from EUR615 million in the similar interval a year ago, the Debt Management Service Association (AMCC) said more

02.27.2013

Restructuring tax authority ANAF may increase Romania’s tax collection rate by 5%-6% of the gross domestic product, from 31-32% of the GDP currently, according to the American Chamber of Commerce in more

01.30.2013

Tax collection level in Romania is well below the numbers seen in other European Union and a higher collection rate, of around 90%, would help improve the fiscal environment, consultancy and audit more

10.16.2012

The Romanian debt collection market stood at EUR615 million in the first half of 2012, down 35% compared with the same period a year ago, the Debt Management Service Association (AMCC) said Tuesday. more

08.23.2012

Romania’s tax authority ANAF may be in charge with collecting property taxes, after the Government changed in July the formula used to compute these taxes based on the property use, not the category more

04.19.2012

Bankers sold non-performing loans worth EUR684 million in 2011 to firms specializing in debt collection, with most transactions being reported between September and December, as many banks sought to more

01.31.2012

Staff Collection, the company operating the House of Art stores, and Corssa (Fox stores) have recently gone insolvent, thus adding two more names to the list of the local fashion companies more

11.14.2011

The Government expects budget revenues to grow 7% next year if the flat tax remains at 16% and VAT stays at 24% under the scenario of a 2% positive economic growth and an improvement in tax collection more

06.09.2011

Romanian debt collection market fell 12% on the year in the first quarter, as liquidity bottlenecks put upward pressure on recovery costs, the Debt Management Service Association (AMCC) said Thursday. more