06.24.2015

The Romanian Chamber of Deputies on Wednesday approved the Tax Code and the Fiscal Procedure Code, with 306 pros, two cons and one abstention. more

06.23.2015

The introduction of the current form of the Tax Code in Romania starting next year will create a significant fiscal deficit, which could prove difficult to correct, according to the representatives of more

05.28.2015

Romanians buy EUR700 million worth of spirits annually but the state collects taxes and excises for just 25% of the amount sold because of tax evasion, according to data released Thursday by the more

04.15.2015

The government wants to tax tips, which will require a separate receipt, and employers will be able to choose whether to have tips taxed as profit or distributed to employees and taxed as income. more

03.26.2015

The reduction of the sales tax and other taxes stipulated in the new Tax Code will boost consumption as long as this is reflected in shelf prices, said Bogdan Belciu, partner at PwC Romania, adding more

03.25.2015

The government has reserved the right to amend the Tax Code not just by law, six months prior to enforcement, but also though ordinances that take effect within 15 days, after Romania's tax law was more

03.25.2015

Romania's government on Wednesday approved the drat Tax Code and Tax Procedural Code, which will be sent to Parliament to be introduced on the agenda early next week. more

03.25.2015

Social security contributions paid by employees and employers will be reduced starting 2018 , according to the latest update to the draft Tax Code, which the government presented Wednesday. more

03.23.2015

Companies where salaries are high and very high (banking, IT, finance, oil & gas) reaped the benefits of a 5% cut in employer social security contributions, while for smaller companies, the effect more

03.16.2015

Romania’s Finance Ministry on Monday said it decided to no longer introduce in the Tax Code draft the proposition to increase taxes on residential property. more

03.16.2015

Romania's government has extended the list of products to get a VAT cut to 9% to include milk, eggs, livestock and live poultry, besides meat, fish, fruit and vegetables, according to an updated Tax more

03.16.2015

Romania’s Government plans to increase taxes on lands within and outside city limits as of 2016, according to an updated draft of the Tax Code, compared to the draft presented a month ago. more

03.16.2015

Romania's government raises taxes on residential property even more as of next year, according to an updated draft of the Tax Code, from the draft presented a month ago. more

02.25.2015

Fiscal policy measures that stimulate economic activity and lower the tax and the administrative burden are welcome but there is also a risk of considerable changes to the draft Tax Code ahead of more

02.25.2015

The Romanian government will discuss the draft Tax Code again in view of approving it in the interval March 18-25, Finance Minister Darius Valcov said Wednesday during the weekly Cabinet meeting. more

02.24.2015

Romania would rather need fiscal relaxation measures in terms of supply, by cutting social security tax, instead of measures to stimulate demand by cutting VAT and excise duties, which will trigger more

02.24.2015

Lax fiscal and monetary policies don't necessarily lead to economic growth, central bank chief economist Valentin Lazea said Tuesday, adding economists ignore the experience of past centuries, which more

02.20.2015

Prime Minister Victor Ponta said Friday he is considering adopting the new Tax code through a confidence vote in Parliament should the bill be blocked in the legislative process or risk not being more

02.18.2015

Romania's government plans to scrap tax on special constructions as of 2016, in order to encourage investments in the private sector and to boost Romanian companies’ competitiveness, according to more

02.18.2015

Romania’s Government plans to eliminate the 16% income tax on dividend payments to companies’ shareholders as of January 1, 2016, in a move to avoid double taxation which is expected to crack down more

02.18.2015

The Romanian government will allow local authorities to raise taxes directly, by up to 50%, every three years, based on inflation rate, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to establish taxes on apartments and houses at 0.08%-0.2% of the taxable value, from the current 0.1%, as of January 2017, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to cut the flat tax rate to 14% as of January 2019, from the current 16%, according to the new Tax Code Draft. more

02.18.2015

Micro-enterprises will have to pay a tax even if they don't have any employees and firms with one or more employees will pay 3% and 1% of their turnover, respectively, while firms with no employees more

02.18.2015

Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax Code more