02.11.2015

Taxpayers in Romania need the tax authority to instate a program for the voluntary statement of income, including past income, that doesn't aim to penalize but to recover back taxes, PwC Romania more

01.30.2015

Romania’s tax authority ANAF collected only 50.8 billion lei (EUR11.4 billion) in VAT last year even though it had expected RON54.6 billion. VAT revenue therefore dropped in 2014 for the first time more

01.22.2015

Payments of local taxes by card rose 31% in 2014 in Romania, to around RON175 million, as online payments more than doubled, Visa Europe announced Thursday. more

01.20.2015

BCR analysts do not rule out other tax hikes in Romania this year, except for the income tax, and remain skeptical about future budget execution and the country’s ability to meet the structural more

01.15.2015

Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) will pay a special construction tax of around RON60 million (EUR13.3 million), 32% lower than in 2014, as the tax was lowered from more

12.10.2014

The Romanian government on Wednesday adopted an amendment to the Tax Code whereby the level of excises will be expressed in lei as of next year and indexed for inflation annually as of 2016. more

12.09.2014

Market research company Cegedim Romania changed its outlook about the trend of the drug market in 2014, from a negative one to one of slight growth. more

12.05.2014

The level of excises will be expressed in lei as of next year and indexed for inflation annually as of 2016, according to a draft amending the Romanian Tax Code. more

11.18.2014

Romania has elected a new president, Klaus Iohannis, but has the same government led by Prime Minister Victor Ponta, and no budget for next year. A budget, which, regardless of how it is devised, will more

11.13.2014

The Romanian government is considering discarding the 16% flat tax rate, starting 2016, and introducing progressive income tax rate of 15%, 25% and 35%, respectively, as per a document drawn up by the more

10.28.2014

Romania will keep the 16% flat tax unchanged until the parliamentary elections in 2016, then the winners of the elections will decide on the issue, Prime Minister Victor Ponta stated Tuesday. more

10.16.2014

The attitude of tax authorities in Romania has been unmindful of the business sector and is now anti-business. This relationship between the tax authorities and the local business sector, the frequent more

10.15.2014

Romania could become more competitive from fiscal point of view and taxes would no longer be increased if state managed to collect at least half of the amounts representing tax evasion, estimated at more

10.08.2014

A lower sales tax on bread constitutes a basis for a lower tax on other products, such as organically farmed products, meat, fruit and vegetables and tax evasion in agriculture is sometimes "a means more

10.03.2014

The Romanian tax authority ANAF collected revenues of 135.98 billion lei (EUR30.8 billion) in the first nine months, 0.5% above the planned amount, the institution said in a news release Friday. more

10.02.2014

Prosecutors in Ploiesti on Thursday searched the offices of the Petrotel-Lukoil refinery in the city, on suspicions of tax evasion and money laundering amounting to around EUR200 million, sources more

09.30.2014

All special constructions should be subject to tax cut from 1.5% to 1%, with no exception for the oil wells in the Black Sea, energy minister Razvan Nicolescu told "Mediafax Talks about Energy-XII" more

09.25.2014

Tobacco producers fear new excise hikes as of next year, either by moving up the harmonizing calendar or by changes in the calculation methodology of the currency exchange rate used to calculate more

09.23.2014

Romanian President Traian Basescu signed Tuesday into law a bill that exempts pensioners and parents on parental leave who received higher state allowances from paying that extra money back. more

09.23.2014

The tax authority, the institution that should make sure the government collects all the due taxes, has turned overnight into a sender of letters informing taxpayers that they are eligible for an more

09.04.2014

Romania's tax on special constructions, introduced earlier this year, will be lowered from 1.5% to 1% of the construction value, and the tax revenues will be placed at the disposal of local more

09.03.2014

Hotel businesses could benefit from several tax incentives, including a lower tax on profit and lower social security contributions, and could get state guarantees for investment loans, according to a more

08.14.2014

The tax evasion that reached about EUR23 billion last year, or 16.2% of the gross domestic product, is robbing Romania of 5,000 kilometers of highways that it could build with this money in one year more

08.01.2014

The planned tax on special constructions will be applied starting 2015, most likely at the net fiscal value and not at the gross book value, as it happens now, Romania’s Finance Minister Ioana more

07.29.2014

The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total revenue of more