Results 26 - 50 from 180 for "vat"
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Just 0.014% of Companies in Romania Adopted Split VAT Accounts Starting October
10.03.2017
Only 175 of companies active in Romania, or 0.014% of the total, adopted separate payment accounts for the value-added tax starting October, the tax authority said Tuesday. more
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PwC Romania: 72% Of Firms Say They Need At Least 6 Months To Implement VAT Split Payment System
09.22.2017
Almost three quarters of companies participating in a survey conducted by PwC Romania believe they need at least six months to implement the VAT split payment system and less 2% think they will be more
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BCR Opens VAT Accounts For Its Corporate Clients
09.20.2017
Banca Comerciala Romana (BCR) will open value-added tax payment accounts for its corporate clients first on demand, then automatically, to allow them to comply with split VAT payment requirements, it more
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ProCredit Bank To Offer VAT Accounts Free of Charge
09.19.2017
Lender ProCredit Bank said Tuesday it will open value-added tax payment accounts for its SME clients free of charge, to help them comply with split VAT measures. more
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UniCredit Opens VAT Payment Accounts Free of Administration Charges
09.18.2017
UniCredit Bank announced Monday it will open split VAT payment accounts for its corporate clients that pay value-added tax, free for administration fees. more
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97.5% of SMEs Expect Split VAT Will Hurt Their Business
09.18.2017
A split VAT payment system and tax authorities' inability to manage it on a national level will prompt financial blockages and higher financing costs for companies, especially small and medium-sized more
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Foreign Investors Council Criticizes Split VAT
08.31.2017
The Foreign Investors Council (FIC) criticized the government's plan to impose separate payment accounts for value-added tax as of January 1, 2018 saying it will have a serious impact on the business more
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Romania To Make Split VAT Mandatory As Of January 1, 2018
08.30.2017
The Romanian government adopted on Wednesday, through an ordinance, the introduction of separate VAT payment accounts for companies in a bid to reduce tax evasion in the field. more
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VAT Collection Down 8% In July 2017/July 2016 Despite Rising Consumer Spending
08.28.2017
VAT collection has inexplicably worsened in July. While it dropped 4% year-on-year in the first half, in July it went down 8% compared with July 2016. more
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Romanian Govt Expects RON6B in VAT Collections In 3 Years With Split VAT
08.23.2017
Romania expects to get RON6 billion in VAT collections in the period 2018-2020, or RON2 billion a year, if it requires separate VAT payment accounts for companies as of January 1, 2018, finance more
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Business Environment Opposes Govt Plans to Split VAT Payments
08.09.2017
Business owners and associations in Romania, as well as fiscal consultants, oppose the government's plans to introduce separate VAT payment accounts for companies, which would raise companies' costs. more
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Romanian Government to Postpone VAT Cut to 18% for 2019
06.29.2017
Romania's government will postpone a standard value-added tax rate cut to 18% from 19% for 2019, according to the new government program to be voted upon in Parliament Thursday. more
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Tourism Minister Aims To Cut VAT To 9% For Travel Agencies
03.31.2017
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Kaufland Romania Cuts VAT To 19% As Of Dec 10, Three Weeks Earlier Than Official Deadline
12.08.2016
Food retailer Kaufland Romania is implementing the law which lowers the standard VAT rate to 19% from 20% on certain categories of products, starting December 10, 2016, three weeks earlier than the more
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AmCham: VAT Cut, Beneficial For Business Environment, But Problematic For State Budget
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
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Romania’s Public Debt Up RON20B One Year After VAT Cut
07.18.2016
Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Finance more
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PwC: Romania’s Budget Lost EUR8.3B On VAT Deficit In 2015
06.23.2016
Romania’s budget loses EUR8.3 billion annually due to the VAT deficit, namely the difference between the VAT to be collected and the sums actually collected, according to a PwC study analyzing more
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Retailers ‘Ate’ One Third Of Food VAT Cut From 24% To 9%
06.02.2016
Prices of food and non-alcoholic beverages rose by about 3.6% in the online stores of Carrefour and Cora in the first year of 9% VAT, which means about one third of the about 13% drop in prices that more
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Central Bank Governor: VAT Cuts Affect More Than 80% of Consumer Basket
05.10.2016
Successive cuts in the value-added tax affect more than 80% of the consumer basket and the most recent VAT cut in January targeted about half of the consumer basket, central bank governor Mugur more
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Avon: VAT Cut Could Steer Customers To Upper Range Products
02.29.2016
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Unicarm: VAT Cut Helped Us Keep Sales Flat
02.08.2016
Romanian consumers’ appetite for spending remains low, which is why the food VAT cut from 24% to 9% as of June 1, 2015 helped his company’s sales remain flat, says Vasile Lucut, owner of meat and more
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IKEA Cuts Prices By An Average 2.3% Ahead Of Planned VAT Cut To 20% As Of Jan 1, 2016
12.18.2015
IKEA Romania decided to cut prices by an average 2.3% for the entire range of products, which includes 9,415 items, while for 344 best-selling items, prices will be cut by an average 15.5% in order to more
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GfK: Money Resulted From VAT Cut On Food Returned To FMCG Market
12.04.2015
Romanians spent most of the money resulted from food VAT cut on food products, followed by non-food products, while the rest went to other expenses or saving, according to a GfK survey. more
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Dairy Industry Expects To See Food VAT Cut Effect At The End Of The Year
12.01.2015
The food VAT cut as of June 1 was the breath of fresh air Romania’s dairy industry had been waiting for and most of the largest companies in the business expect to see the impact of this step on more
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Nestle: Food VAT Cut Drove Romanians’ Purchasing Power Up
11.05.2015
The food VAT cut as of June was a good step and helped improve the purchasing power of Romanian consumers and the sales of Nestle, says Herve de Froment, who is in charge of the local operations of more