03.01.2013

Romanian farmers will pay taxes only for the number of animals, fowls and hectares of land exceeding the settled limits for the revenues that are not subject to taxes, according to the new Fiscal Code more

02.21.2013

Romania’s tax system should advantage both the state and the country’s top oil company OMV Petrom (SNP.RO) and 2013 will be the "year of dialog" on the issue with competent authorities, Petrom's more

02.04.2013

Card transactions for the payment of taxes increased by around 30% in Romania in 2012, in terms of both numbers and value, reaching over 98 million lei (EUR22.3 million), according to data released more

01.30.2013

The Romanian Government should simplify the value added system or give the taxpayer the right to choose an enforcement method and settle a sole tax on companies’ revenue, including the profit tax more

01.29.2013

Romania’s Government will make sure city halls that register arrears will increase local taxes by 16% to avoid amassing new debts, reads the country’s latest letter of intent to a loan agreement more

01.28.2013

The Romanian Government had pledged to the International Monetary Fund to change the calculation method of tax on property by July, which will be set based on the destination and not as differentiated more

01.09.2013

The Romanian Government is set to adopt Wednesday the ordinance stating local authorities may decide whether or not to increase local taxes, Prime Minister Victor Ponta said, adding local more

12.20.2012

The Romanian Government will approve an emergency ordinance amending the Tax Code, which allows mayors to decide whether to increase local taxes and duties by indexing with the inflation rate for the more

12.12.2012

The Romanian Government approved in Wednesday meeting an increase of local taxes and duties by up to 16.05% in 2013. more

11.27.2012

Romania has climbed 18 spots and is placed 136th in a world ranking regarding the number of taxes companies must pay in a year, according to a PricewaterhouseCoopers (PwC) survey. more

10.29.2012

Taxpayers in Romania will no longer be charged fees when they pay their taxes on the Internet, as the fees will be paid by local authorities, as per a draft act drawn up by the Ministry of more

10.17.2012

VISA Romania general manager Catalin Cretu on Wednesday said the online payment of taxes is “up in the air” in Romania, because local authorities levied a fee on this type of transactions. more

10.04.2012

Romania may not increase local taxes for 2013 as the legislation states they may only be altered at least six months before the beginning of the year, Romania’s Interior Minister Mircea Dusa said more

10.03.2012

Local taxes and fines will increase 16.05% starting next year, indexed for inflation for the period 2010-2012, according to a draft government decision put forth by the Finance Ministry. more

09.18.2012

The functioning tax paid by the managers of Romania’s mandatory (Pillar II) private pension funds will increase by over 50% as of January 1, according to a decision recently approved by Romania's more

09.02.2012

Romania’s Government approved a memorandum Saturday extending the debt payment schedules of public television SRTV, freight railway company CFR Marfa, and railway company CFR SA to seven years. more

08.23.2012

Romania’s tax authority ANAF may be in charge with collecting property taxes, after the Government changed in July the formula used to compute these taxes based on the property use, not the category more

08.19.2012

Taxpayers will pay penalties of 30% of the principal for undeclared fiscal debts, on top of the interest and overdue penalties provided by current law, according to an ordinance drafted by Romania's more

08.10.2012

The International Monetary Fund, the European Commission and the World Bank told the Romanian Parliament's committee for budget and finance that, for the time being, they do not agree with reducing more

08.10.2012

The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget more

08.09.2012

Charging healthcare contributions as a share of the national average wage for employees earning less will encourage illicit labor, layoffs and restrict the hiring of young graduates, especially in the more

07.17.2012

The exchange rate could return below RON4.5 to the euro after the “calming and the clarifications on the political scene,” and the economy could return to growth in the second quarter. As far as more

07.04.2012

Industrial property taxes will be cut to the level applied in 2006 and will be kept unchanged for two more years, until 2014, according to an emergency ordinance approved by the Romanian Government more

06.28.2012

Tax uncertainty in Romania, especially as a result of frequent changes in legislation and a poor relationship with tax authorities, is among the highest in Europe, the Middle East and Africa (EMEA), more

05.16.2012

Romanian Economy Minister Daniel Chitoiu on Wednesday said the government is drafting up a bill introducing additional taxes on one-time revenue gains of oil companies to be enforced starting with more