07.16.2024

BAT, the largest tobacco company in Romania, is the second contributor to Romania’s state budget, with a total contribution of RON10.8 billion (EUR2.1 billion) in excise and taxes to the state more

05.24.2023

Tobacco company British American Tobacco (BAT) on Wednesday said it had a total contribution of RON10.5 billion (EUR2.1 billion) in excise and taxes to the Romanian state budget in 2022. more

03.23.2023

Mastercard is launching in Romania a cashback campaign for people who during the March 24-31 period choose to pay their taxes with a Mastercard debit or credit card, on Ghiseul.ro platform and mobile more

06.10.2022

The International Monetary Fund (IMF) warned the Romanian government that it must take fiscal measures and reform and boost taxes in order to rebuild the fiscal space below 3% of gross domestic more

06.02.2022

British American Tobacco (BAT), with a market share of 50% on the local tobacco market, on Thursday said it had contributed over EUR125 billion to Romania’s economy during its 25 years of activity more

05.11.2022

Tobacco company Philip Morris International (PMI) on Wednesday said the sales of Philip Morris products on the Romanian market generated RON1.9 billion in excise taxes and RON0.6 billion in more

04.13.2022

British American Tobacco (BAT), the largest player on the Romanian tobacco market, with a market share of over 50%, on Wednesday said it contributed almost RON11 billion (EUR2.2 billion) in excise and more

11.04.2021

The market of non-performing receivables assignment is blocked in Romania due to excessive taxation of the amounts obtained from such transactions, a rule that entered into force on January 1, 2018. more

10.29.2020

Romania will not shut down its economy as it did during the two-month state of emergency in spring, finance minister Florin Citu said Thursday in a radio interview. more

03.26.2020

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03.25.2020

Romania's financial supervisory authority decided in a meeting Tuesday to lower by 25% all taxes, commissions and fees owed by supervised and regulated entities. more

11.28.2019

Romania climbed to number 32 in the PwC Paying Taxes 2020 global ranking, part of the World Bank's Doing Business report, from number 49 in last year's edition. more

08.14.2019

The return of Romanians working abroad home to take construction jobs – a goal that the government set when it passed the Emergency Ordinance 114/2018 did not go as expected by the companies in the more

01.06.2017

Romanian President Klaus Iohannis on Friday signed into law the bill stipulating the elimination of 102 non-fiscal taxes, the presidential administration said in a statement. more

11.24.2016

Romania climbed five spots and ranks 50th in PWC’s global ranking "Paying Taxes 2017", which measures the “ease of paying taxes” for companies in 190 economies around the world. more

10.25.2016

Romania is facing problems with collecting taxes and fees, as the share of budget revenues in the GDP stagnated at 30%-31%, on the backdrop of a need to speed up the reformation of the tax authority more

08.02.2016

Romania's state-owned postal operator Posta Romana contributed EUR163 million to the state budget in 2014 and 2015, as profit tax, VAT for commercial contracts, and taxes to the state budget and the more

07.08.2016

Romania places 55th in a global ranking which measures the ease of paying taxes in 189 countries, considering that a medium-sized firm has to make 14 tax payments a year, compared with an average of more

12.10.2015

Romania’s Financial Supervisory Authority (ASF) will cut certain taxes and quotas applied to private pension funds by 50% and by 20% for insurance companies, as of January 1, with an impact over ASF more

11.24.2015

Romania ranks 55th in PwC’s “Paying Taxes 2016” report, which measures the ease of paying taxes in 189 economies worldwide for an average sized company, as its total tax rate fell to 42% from more

11.23.2015

The standard VAT rate in Romania is among the highest in the world and will still be placed in the first fifth of the global ranking even after its planned cut to 20% starting January 1, 2016, more

05.20.2015

Romania’s Government on Wednesday decided to raise mining taxes on prospecting, exploration and exploitation of mineral resources, in ratio with inflation, and expects to rake in RON1 million more

03.24.2015

Romanians paid local taxes online, by card, amounting to more than RON10 million in January and February, 52% higher compared to the same period last year and accounting for 40% of all taxes paid more

01.14.2015

Romeo Dunca, a stakeholder in one of Romania’s largest road freight carriers Dunca Expeditii, says that should the local tax authority ANAF retroactively tax drivers’ daily allowances he will make more

12.17.2014

Foreign Investors Council representatives stated Wednesday that they appreciate the fact that no tax hikes are stipulated in the 2015 budget, although they expected such changes. more