12.10.2014

The supplementary taxes which should have been applied to energy companies by yearend will be kept for one more year, until December 2015, on the backdrop of the postponement of a new royalty system more

12.05.2014

The supplementary taxes which should have been applied to energy companies by yearend will be kept for one more year, until December 2015, on the backdrop of the postponement of a new royalty system more

11.26.2014

Romania’s Prime Minister Victor Ponta on Wednesday said the government will not increase taxes and will keep excise duties unchanged in 2015, at this year’s level, considering that the system used more

11.13.2014

Romania’s Finance Ministry is considering discarding the tax on profit and introducing the tax on turnover, along with reducing the tax on dividends by five percentage points, as per a document more

10.02.2014

Romanians paid EUR134 million in local taxes online by card, between January and August, in nearly 374,000 transactions, 22% more from the same period in 2013. more

09.09.2014

New taxes would considerably hinder companies' decisions to invest in Romania, as pressure on costs is huge, CEZ Romania chief Martin Zmelik said Tuesday. more

08.12.2014

Romania’s biggest oil group OMV Petrom (SNP.RO) has paid some 370 million lei (EUR83.3 million) in additional taxes to the state budget in the first half of 2014, of which RON162 million on a more

06.06.2014

A 30% card payment rate for taxes could lift state tax collection revenue by 28% and lower tax collection costs by 12%, said Friday Catalin Cretu, VISA manager for Romania and Croatia. more

04.25.2014

Romania's Government will raise mining taxes by up to 6.7%, less than a year since the last tax hike, and estimates to rake in an extra RON630,000. more

02.27.2014

The Romanian government has no plans to introduce a solidarity tax or progressive income taxes this year following the liberals' withdrawal from the ruling coalition, Prime Minister Victor Ponta said more

02.11.2014

Romanians paid 133 million lei (EUR29.7 million) in taxes online and using bank cards in 2013, up 36% on the year, due to a 38% increase in the number of transactions via POS (point of sale) units, more

12.19.2013

The year 2013 looked like it was going to be a bumpy year right from the start. Rumors about the reduction of the green power support scheme, which attracted more than EUR4.5 billion investments in more

11.28.2013

Romania needs to improve the management of its public expenditure to stimulate economic recovery rather than impose new taxes, which can only slow down the growth rate, a central bank official said more

11.20.2013

A company in Romania makes 39 payments to the state each year as taxes and contributions, triple compared to the EU average, for which it wastes 200, and the bulk of the fiscal burden lays on labor, more

11.14.2013

Romania and the International Monetary Fund agreed to give local authorities a free hand to increase taxes on property paid by individuals as much as they feel necessary. more

11.13.2013

Romania’s new tax changes will lower people’s income, as they will ultimately pay for the tax hikes, affecting retailers’ business and investments, and the measures are set to backfire as state more

11.11.2013

Businesspeople in Romania disagree with the Government’s planned measures to increase taxes, arguing they will directly and indirectly affect the entire business environment. more

11.08.2013

The Romanian Government’s planned fiscal measures will increase the burden on taxpayers to a level that is unprecedented in the past 20 years and will negatively affect investments and the more

11.07.2013

Romanian central bank governor Mugur Isarescu said Thursday that his institution has yet to assess the potential impact on the 2014 inflation rate of a recent series of fiscal measures announced by more

11.07.2013

The government will allow for local taxes for individuals to be raised by more than 20%, citing local authorities’ “financial difficulties”. more

11.06.2013

Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption. more

11.04.2013

Romanian Prime Minister Victor Ponta on Monday said the government will increase the royalty rates levied on mineral resources other than natural gas and oil in a move to boost revenues to the state more

10.01.2013

The American Chamber of Commerce in Romania (AmCham) and the Foreign Investors Council (FIC) called on the Government to lower local taxes on property for companies, set up a stable and competitive more

09.17.2013

The Romanian government plans to lower the revenue cap on micro-enterprises from EUR65,000 to around EUR50,000 to get more firms into the tier of businesses that pay taxes on profit, according to a more

06.14.2013

The Romanian Government has started this year to check up on people with large wealth suspected of exceeding the “minimum acceptable risk” by not paying their taxes. more