07.28.2014

The tax on apartments located in buildings more than three stories high, which include eight housing units, and on dwellings located in old buildings more than 30-50 years old will see a slight more

07.28.2014

Romanian entrepreneurs would use the money saved on social security tax after a cut thereof for raises, investment in expanding operations and new jobs, and for offsetting potential price hikes and more

07.23.2014

President Traian Basescu sent back to the parliament the law on social security tax cut, asking for a clarification of the means to offset the resulting budgetary impact. more

07.22.2014

The social security tax cut can be compensated by measures such as extra receipts from social contributions for new jobs, additional VAT cashing on new potential investments, the recovery of debts more

07.17.2014

Romania’s planned social security tax cut is poised to help reduce the burden on labor and stimulate employment, but the authorities should present a clear set of measures aimed at offsetting the more

07.02.2014

Electric power consumers paid 406.4 million lei (EUR90.2 million) as cogeneration (combined heat and power (CHP) tax in the first quarter of the year, down 11% from RON457 million in the corresponding more

07.01.2014

Romanian central bank’s governor Mugur Isarescu said Tuesday that the authorities should consider additional measures besides the recent cut in the social security tax rate to help create more jobs more

06.30.2014

The cogeneration (combined heat and power (CHP) tax will be lowered by nearly 46% to RON0.00996 per kilowatt-hour of electricity, starting July 1, according to an order of the president of Romania’s more

06.19.2014

Romania needs additional fiscal measures besides a recently introduced levy on special constructions to compensate for the lower social security tax rate and be able to continue to reduce its budget more

06.18.2014

The Romanian government Wednesday approved a five-percentage point cut in the social security tax, in a move aimed at lowering the burden on labor and stimulating investments, the Finance Ministry more

06.16.2014

The Romanian Government plans to offset the negative impact on revenue collections to the state budget, calculated at 4.8 billion lei (EUR1.09 billion) for 2015, due to the planned cut in the social more

06.12.2014

Social security contributions will be lowered by five percentage points as of October 1, impacting the budget by RON850 million, without increasing the budget deficit, Prime Minister Victor Ponta more

06.11.2014

Romania will lift its cogeneration tax on electricity exports as of July 1, in a bid to boost energy trading, minister delegate for Energy Razvan Nicolescu said Wednesday. more

06.11.2014

The representatives of the Association of Generic Medicine Producers in Romania (APMGR) asked Prime Minister Victor Ponta to get directly involved in removing the institutional deadlock which hinders more

06.10.2014

Transport Minister Dan Sova stated that the talks on highways taxation are theoretical at the moment, and authorities will not introduce highway taxes in 2014 or 2015. more

06.04.2014

Romanian Prime Minister Victor Ponta said Wednesday that the government will not impose new taxes to offset the planned lowering of the social security contributions. more

05.30.2014

Energy producers will not be able to cope with the tax on special constructions, which is "unsustainable and burdensome", said Remus Borza, head of Euro Insol, legal administrator of Romania’s more

05.29.2014

Romania will lower the social security tax rate by five percentage points as of July 1, Finance Minister Ioana Petrescu said Thursday. more

05.29.2014

Romania will keep its 16% flat tax rate on income unchanged into next year, as the progressive taxation the government has been contemplating entails certain technical aspects which cannot be more

05.29.2014

The tax on special constructions might bring over EUR500,000 million to the state budget in 2014, up to 5-fold higher compared with authorities’ estimations, money taken out of the economy, lawyer more

05.28.2014

Romanian authorities might introduce a highway tax on Bucharest-Pitesti (A1) and Bucharest -Constanta (A2) in 2015, at the beginning of the rehabilitation works, or in 2016, after their completion, more

05.23.2014

Foreign investors are calling on the Romanian government to scrap the tax on special constructions in its current form because it is expected to generate huge losses for companies by doubling or even more

05.13.2014

The difference between lower revenue reported by Google on several European markets, including Romania, and the amounts paid by companies in those countries, according to advertising agencies, is a more

05.09.2014

The Finance Ministry has significantly underestimated the impact of the tax exemption on reinvested profit on the budget, at 600 million lei (EUR136 million), instead of RON2 billion, Ionut Dumitru, more

04.23.2014

Romanian government approved Wednesday the emergency ordinance regarding the tax exemption on reinvested profit for investments in technological equipment carried out between July 1, 2014 and December more