04.15.2014

Romania will introduce a tax exemption on reinvested profit starting July, 2014, on the basis of an emergency ordinance drawn up by the Finance Ministry, Prime Minister Victor Ponta said Tuesday. 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

The International Monetary Fund on Tuesday said Romania should probably wait at least until next year to lower the level of social security contributions, but expressed its openness to earlier more

04.01.2014

Romania’s planned exemption on its recently introduced excise tax on fuels must be compensated by “strong measures” that will offset the resulting fiscal gap, an official with the International 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

03.24.2014

Romania plans to eliminate its cogeneration tax on electricity exports and to keep natural gas prices for industrial consumers at the level established in early January, Prime Minister Victor Ponta more

03.16.2014

Romania's 16% flat tax will remain unchanged this year but could be kept for businesses only starting 2015, while individuals would play differentiated income taxes, said Finance Minster Ioana more

03.12.2014

The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax, then VAT more

02.25.2014

CEZ, Enel and GDF SUEZ estimate they will annually pay up to EUR15 million each in special construction taxes, but this year, the costs will not be transferred to end users' bills. more

02.19.2014

OMV Petrom (SNP.RO), Romania's largest oil and gas group, will pay $70 million to $100 million in taxes for special constructions, company financial manager Andreas Matje said Wednesday. more

02.19.2014

Romania’s planned new excise tax on fuels will likely trigger a 1% to 3% annual decline in local fuel sales, OMV Petrom’s chief executive Mariana Gheorghe said Wednesday. more

02.05.2014

Romania’s tax authority ANAF collected total taxes of 16.1 billion lei (EUR3.6 billion) in January 2014, up 13.2% in nominal terms from RON14.21 billion in the same period a year ago. more

01.30.2014

Most Romanian CEOs (92%) are concerned about the increasing tax burden, and 86% of them fear the Government’s response to the fiscal deficit, according to the results of the PwC Romania CEO Survey more

01.29.2014

Companies that understate their revenues to the tax authority will be forced to pay penalties of 10% to 25% of the unstated difference, according to a plan part of a set of measures fighting tax more

01.10.2014

More than 1.2 million employment contracts or 22% of the total are part time or fixed-term contracts (up to three years), as shown by the data the Labor Inspection Department found from Revisal, the more

12.11.2013

Romanians work about six days per month only to pay income taxes, similar to Czechs, according to a survey conducted by research company Accace. more

11.27.2013

Romania’s newly announced tax on special building structures may trigger costs of up to EUR40,000 for each wind turbine and over EUR30 million for the local wind power producers, respectively, more

11.22.2013

Romania’s newly announced tax on special building structures sends a negative signal to the business community and is likely to hinder further investments, an official with Austrian oil and gas more

11.22.2013

Romanian investment fund Fondul Proprietatea (FP.RO) estimates the state will collect between 700 million and 900 million lei (157-202 million euro) from a tax on special buildings applicable next more

11.18.2013

Romania’s Finance Ministry anticipates that banks and companies, as well as individuals, will earn higher income in the years to come and will contribute more to the budget than the amounts expected more

11.13.2013

Romanian Minister for Budget Liviu Voinea says 127 major investment projects worth a total of 148 billion lei (EUR33.2 million) will to be included in the state budget for 2014, which will be more

11.11.2013

Romanians are among the most dissatisfied Southeastern European citizens with their country’s tax system and politicians, according to a survey conducted by market research company Daedalus. more

11.08.2013

Romania expects to cash EUR10-EUR12 million a year from taxing special constructions of telecom operators and EUR60-EUR65 million a year from taxing special constructions of companies in the utilities 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

11.04.2013

Romania’s state revenue collections amounted to 17.09 billion lei (EUR3.85 billion) in October, up 7.38% compared with the similar interval a year ago and 2.66% higher than expected, tax authority more