Results 126 - 150 from 180 for "vat"
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Ponta: Romania May Ask Russian Mechel For VAT Refund
03.23.2013
Prime Minister Victor Ponta said the Romanian Government may submit a request for value added tax refund to Russia’s steel giant Mechel and will impose tougher sanctions on private investors failing more
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Vosganian Says GDP Growth Could Prompt Lower VAT Rates
03.12.2013
An economic growth of 1.5% to 2% this year could prompt reductions in value added tax and social security contributions, Romanian Economy Minister Varujan Vosganian said Tuesday. more
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KPMG: Relatively Low Profit Tax Makes Romania Attractive To Investors
02.04.2013
Romania has a relatively low tax on profit, of 16%, compared to the United Arab Emirates, which claimed the highest corporate tax rate (55%) last year, but needs to improve its fiscal stability, more
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PwC: Romania Should Simplify VAT System, Give Firms Right Of Choice
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
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Romania Might Lower VAT On Bread To 9% Starting July 1
01.28.2013
Romania might apply starting July 1 a pilot-project to cut VAT on bread from 24% to 9% if budget revenues increase so as to be able to cover a 200 million lei (EUR45.6 million) deficit the measure more
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Blidar Terminates Contracts With Small Suppliers Due To VAT Changes
01.25.2013
Businessman Valer Blidar, who owns the Astra Vagoane Calatori passenger rolling stock plant in Arad, said he has decided to terminate 400 contracts with small firms, with which he has worked for more
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Constantin: Romania May Cut VAT On Bread To 9% In H2
01.15.2013
Romania’s Government wants to apply a pilot-project to lower VAT on bread from 24% to 9% as of the second half of 2013, aiming to reduce the tax evasion, Agriculture minister Daniel Constantin said more
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Romania Might Cut VAT On Bread In 2013
01.14.2013
Romania’s Government wants to apply a pilot-project to lower VAT on bread from 24% to 9% in 2013, Prime Minister Victor Ponta said Monday. more
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Romania Approves Norms Making VAT Due On Invoice Payment, Aims Publishing Guidebook
11.06.2012
The Romanian Government on Tuesday adopted the methodological norms to enforce the system making the VAT due on invoice payment and aims to publish a guidebook on the new system. more
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Government Set To Resume Talks With IMF To Lower VAT On Food
11.04.2012
Romania’s Government will resume talks with the International Monetary Fund on lowering VAT on basic food items to 9% instead of the current 24%, as soon as the Agriculture and Finance ministries more
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Parliament Adopts Ordinance Making VAT Due On Invoice Payment Starting 2013
10.23.2012
Romania’s Chamber of Deputies on Tuesday adopted a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013. more
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Senate Adopts Ordinance Making VAT Due On Invoice Payment Starting 2013
09.24.2012
Romania’s Senate on Monday adopted unanimously a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013. more
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Romania To Pay VAT Refunds Worth RON1.06B In September
09.12.2012
Romanian tax authority ANAF will pay value added tax refunds worth 1.06 billion lei (EUR236.1 million) in September, of which RON54.6 million represents compensations. more
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Government Expects Making VAT Due On Invoice Payment To Boost GDP By 0.5%
08.23.2012
Romania's Government estimates that making VAT due on invoice payment starting January 1, 2013 will increase the GDP by about 0.5%, as well as improve employment and the public's income. more
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Finance Ministry Proposes Making VAT Due On Invoice Payment For Small Firms
08.16.2012
Romanian companies with sales lower than 2.25 million lei (EUR500,840) will pay VAT when cashing their invoices starting next year, while larger businesses will be unable to deduct VAT from their more
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IMF Rejects Romania's Plan To Lower VAT On Food, Introduce Progressive Taxation – Sources
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
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Retailers Say VAT Cut For Basic Food Will Reduce Shelf Prices
08.09.2012
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger lower shelf prices by the same percent, according to the Association of Large more
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Romanian Employers Say VAT Cut For Basic Foods Will Reduce Prices By 15%
07.24.2012
The recent Government decision to cut the value added tax VAT for the basic food products to 9% as of 2013 will trigger a 15% price decrease for these products and a significant reduction of the tax more
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Ponta Says Romania Informed IMF Of Decision To Change VAT Legislation
07.16.2012
Romanian Prime Minister Victor Ponta on Monday said the Government has informed the International Monetary Fund of its intention to allow VAT payments upon cashing in invoices for companies with more
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ANAF Must Pay Penalties Of RON6M To Refinery For Failing To Refund VAT
07.12.2012
The Romanian High Court of Justice decided at the beginning of July that tax authority ANAF must pay interest of about 6 million lei (EUR1.3 million) to refinery Steaua Romana as penalty for failing more
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Paying VAT After Invoices Are Cashed Is A Breath Of Fresh Air For Companies, But IMF And EU Consent Is Necessary
07.12.2012
Payment of VAT when invoices are paid, not when they are issued, for companies with turnovers of up to EUR500,000, would be beneficial for companies with liquidity problems and could help economic more
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Romania To Pay VAT Refunds Worth RON1.3B In July
07.10.2012
Romanian tax authority ANAF will pay value added tax refunds worth 1.3 billion lei (EUR287 million) in July, of which RON32.6 million represents compensations. more
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Romania To Lower VAT On Food Most Likely In 2013 – Minister
07.10.2012
Romania’s budget for 2013 will state a 9% value added tax on food products, Agriculture Minister Daniel Constantin said Tuesday. more
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Romania To Pay VAT Refunds Worth Over RON1B In June
06.12.2012
Romanian tax authority ANAF said Tuesday it will pay value added tax refunds worth 1.08 billion lei (EUR242 million) in June, of which RON70.5 million represents compensations. more
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IT&C Ministry Wants To Develop Web Application For VAT Refund
06.05.2012
Romania’s Communications Ministry wants to launch a web application through which firms will be able to submit value added tax refund requests, IT&C Minister Dan Nica said Tuesday. more