09.07.2015

Romanian President Klaus Iohannis announced Monday he promulgated the new Tax Code, adding he is very satisfied with the development of the public debate, including debates between parties, and the more

09.03.2015

Romania's lower house of Parliament on Thursday adopted the country's new tax code, which lowers the general value-added tax rate, eliminates extra excises and lowers taxes on dividends. more

09.01.2015

Romania’s Senate on Tuesday adopted the country’s new tax code, adding amendments convened with political leaders to have a gradual cut in the value added tax rate. more

08.27.2015

Romania's parliamentary parties agreed Thursday in talks on the country's new tax code to lower the general value added tax from 24% to 20% as of 2016 and further to 19% as of 2017. more

08.25.2015

Matthijs van Bonzel talked, in his last press conference as Dutch Ambassador to Bucharest, about the impact of the Tax Code on the business environment, saying that the money from the budget should be more

08.24.2015

Romania's Parliament has canceled its extraordinary session called to debate the country's Tax Code, Senate chairman Calin Tariceanu said Monday. more

08.20.2015

Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an additional more

08.10.2015

The Romanian Businessmen Association, or AOAR, on Monday said it still supports the lowering of taxes, even gradually, as an attempt to return to the situation in 2010 when this measure was announced more

07.24.2015

Romanian central bank governor Mugur Isarescu on Friday said the new Tax Code is inapplicable due to the impact the planned tax cuts would have on the country’s gross domestic product and saluted more

07.22.2015

A technical assistance mission of the International Monetary Fund (IMF) arrived in Romania Wednesday for a two-week period and will meet with officials of tax authority ANAF to discuss its division more

07.22.2015

Romania should not repeat the mistakes of other states or its own mistakes before the financial crisis, thus economic policies decision makers should act prudently, as it is easy to promise and give more

07.22.2015

Romania’s Fiscal Council said the cut in the standard VAT rate from 24% to 19% as of January 1, 2016 actually means a decrease of 8 percentage points, not five points, given that the average VAT more

07.21.2015

The new Tax Code could lower the tax evasion of over 75% in the spirits industry, without decreasing the revenues collected to the state budget, according to Spirits Romania association, which more

07.21.2015

Entrepreneurs, economists, managers and university professors support the implementation of the new Tax Code and the fiscal relaxation measures, considering it a chance that should not be missed, but more

07.21.2015

The Foreign Investors Council, an association of major foreign investors in Romania, supports the new Tax Code as adopted in Parliament but coupled with budget discipline to avoid macroeconomic more

07.20.2015

Romanian President Klaus Iohannis on Monday signed the Tax Procedure Code into law, the president's office said in a statement. more

07.17.2015

Romanian Finance Minister Eugen Teodorovici stated Friday that there is no logical or economic argument in the decision of President Klaus Iohannis to send the Tax Code back to Parliament for more

07.17.2015

President Klaus Iohannis has refused to sign the new Tax Code into law and sent it back to Parliament for reexamination, calling for a closer look at its implications on the state budget. more

07.15.2015

The future mission of economic policies is keeping the macroeconomic balance reestablished after the crisis; thus it would be wrong to ignore the lessons of the crisis and give way to the temptation more

07.07.2015

Finance Minister Eugen Teodorovici said Tuesday that the Romanian government plans to keep the budget deficit at around 1.2% of the GDP in 2016, as agreed with the international financial more

07.02.2015

Irina Socol, former CEO of Romanian software developer Siveco Romania, was sentenced Thursday to three and a half years in prison for tax evasion. more

07.01.2015

Romanian president Klaus Iohannis has promulgated the law on passing the ordinance which regulates the issuing of fiscal receipts for all goods and services, without the provisions regarding the tax more

06.26.2015

Officials of the European Commission and the Romanian government have not agreed on the changes Romania brought to its Tax Code and officials of the International Monetary Fund will not return to more

06.25.2015

The Tax Code approved by the Parliament stipulates the VAT cut to 19%, the scrapping of special constructions tax and the fuel excise duty and not the lowering of social insurance tax rates and the more

06.25.2015

The amending of the Tax Code and the Fiscal Procedure Code will "refresh" the business environment, but it does not include provisions for fiscal consolidation for Romanian companies, according to more