10.30.2013

Romania’s government has extended the property tax pool, as per agreement with the international Monetary Fund, to include previously exempted types of properties such as parking lots and swimming more

10.30.2013

The problem of tax evasion is systemic and has been perpetuated over time, affecting budget revenue collection. It has also affected honest companies, which have to compete against many players who more

10.25.2013

Recent information alleging Romania’s social-liberal ruling coalition USL plans to increase the flat tax from the current 16% to 22%, in a move to boost state budget revenues, has caused quite a more

10.17.2013

The Romanian state’s promises and effort to bring more money to the budget ultimately translates into more pressure, though not on tax evaders, but on all those who pay their obligations to the tax more

10.09.2013

Romania’s Government must reduce the value added tax back to 19%, lower social security contributions and eliminate taxes on reinvested profit to ensure sustained economic growth, according to more

10.05.2013

Romania’s state budget revenues in 2013 will be lower than expected due to changes to bank provision regulations, to payment delays caused by the reorganization of tax authority ANAF and because of more

10.05.2013

Romania’s Government wants to apply softer fiscal measures on the labor market next year and is considering either lowering social security contributions or eliminating the 16% income tax on minimum more

10.03.2013

The lump-sum tax introduced in the hospitality and auto services industries is not overtaxation and companies in other sectors, such as law firms and dental practices, have requested to be included in more

10.02.2013

Romania’s Government Wednesday approved a bill to apply a lump-sum tax in the hospitality industry and the auto services sector starting 2014. more

09.24.2013

Romania’s minister-delegate for small and medium-sized businesses Maria Grapini said Tuesday she supports exemptions from taxes on profit for SMEs reinvesting it in research, development, and more

09.18.2013

People gaining income from rents will have to pay health care contributions of 5.5%, according to a government emergency decree approved Wednesday, people close to the matter told MEDIAFAX. more

09.13.2013

Owners of restaurants with a floor of 150 square meters in central Bucharest will pay lump sum tax of 17,136 lei (EUR3,900) per year starting 2014, while shawarma eateries will contribute lump sum tax more

09.12.2013

Tax evasion in Romania climbed about 3 basis points since the beginning of the crisis to 14% of the gross domestic product in 2012, from 11.2% of the GDP in 2008, according to a report by the Fiscal more

09.12.2013

Romania is considering rethinking its clawback tax system so that generic drug producers and brand-name medicine producers will be taxed differently. more

08.08.2013

New taxes applied starting February this year to electricity and natural gas transporters, as well as to natural gas producers, increased budget revenues by about EUR28 million by the end of June, 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

07.30.2013

Lowering the value added tax on bread from 24% from 9% is an important step in reducing tax evasion in the bread industry and the measure should also be applied to meat, milk, sugar and vegetable oil, more

07.22.2013

Romania ranks second in Eastern Europe in terms of its underground economy, with almost EUR40 billion in absolute terms in 2013, shows a study of AT Kearney on Europe’s underground economy released more

07.19.2013

Romania’s national property restitution authority ANRP and the Finance Ministry are looking into a taxation system to levy taxes on former owners of nationalized property whose government-awarded 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

06.28.2013

Romania’s minister-delegate for SMEs and Tourism Maria Grapini said Friday the methodology for lump sum taxes in tourism has been finalized and the tax will be levied as of October 1. more

06.13.2013

The Romanian business environment is concerned about the lack of clarity of a Government emergency ordinance taxing by 85% severance pay granted to managers and executive board members, the American more

06.11.2013

Romanian Prime Minister Victor Ponta said Tuesday that the 16% flat tax for companies will be kept unchanged during the four-year mandate of the country's social-liberal ruling coalition USL and the more

06.10.2013

Romanian Prime Minister Victor Ponta said Monday in Berlin the 16% flat tax will be kept unchanged during the four-year mandate of social-liberal ruling coalition USL, to guarantee the stability and more

06.04.2013

Mihaela Mitroi has been appointed head of the tax and legal consulting department of PwC Romania, replacing Peter de Ruiter, the company said Tuesday. more