12.20.2012

Romania’s new Government will restructure tax authority ANAF, the Financial Guard and the customs authority in 2013-2016 and will set up a supervision and audit council made up of European Union more

11.22.2012

Romania must find solutions to divert more foreign capital toward financing the current account deficit, Ionut Dumitru, head of the country's Fiscal Council, said Thursday. more

10.23.2012

Romania’s Government harms the credibility of the fiscal responsibility law by further increasing budget expenses, according to the Fiscal Council. more

10.22.2012

Companies that will enforce the system of collecting VAT upon invoice payment as of 2013 have to submit to the fiscal authorities by Thursday, October 25, a notification proving that their turnover more

05.21.2012

Romania's Senate on Monday adopted the bill ratifying the European Union's fiscal stability treaty, following its adoption by the Chamber of Deputies two weeks ago. more

05.08.2012

Romania’s Chamber of Deputies on Tuesday adopted the bill on ratifying the European Union’s fiscal stability treaty with 237 votes in favor and two abstentions. more

04.25.2012

Romanian President Traian Basescu told European Council President Herman Van Rompuy Wednesday that the Chamber of Deputies might adopt the bill ratifying the European Union’s fiscal stability treaty more

04.11.2012

The Romanian Chamber of Deputies’ committee for legal matters on Wednesday adopted unanimously the bill on the ratification of the European Union’s fiscal stability treaty, said MP Gabriel more

03.20.2012

Romanian law firm Bostina & Asociatii on Tuesday announced it will give up its fiscal consultancy and audit unit, with a plan to focus on advocacy. more

03.02.2012

The decision to sign the European Union’s new fiscal stability treaty reflects Romania’s commitment to strengthen its public finances and implement healthy policies, Finance Minister Bogdan Dragoi more

03.02.2012

Twenty-five EU countries, except the United Kingdom and Czech Republic, on Friday signed up for a new fiscal stability pact for tougher Brussels scrutiny of their economic plans. more

02.01.2012

Heads of state and of government in the European Union have sought once again in Brussels to prove to markets that they can work together to find solutions to the debt crisis. Politicians, among them more

01.31.2012

Romanian President Traian Basescu said late Monday, after the European Council informal meeting in Brussels, that Romania needs to adopt the EU financial stability treaty through its Constitution by more

12.12.2011

Over 200,000 Romanians who invest in mutual funds or on the stock exchange have to go five times a year to fiscal agencies to submit income statements for amounts often of no more than 10 lei. more

11.28.2011

The Fiscal Council confirms what Ziarul Financiar said when it raised the issue of the increase in spending on special pensions as a result of the pension reform more

11.25.2011

Romania's Fiscal Council suggests the Government should set quarterly EU fund absorption targets for the ministries and other authorities, since absorption is essential in order to offset the crisis' more

11.25.2011

Romania's Fiscal Council has asked the Government to present the National Infrastructure Development Program's potential impact on the deficit as per ESA95. more

11.25.2011

Raising pensions and wages in the Romanian public sector in the second half of 2012 would violate no less than five provisions set through the fiscal responsibility law, including the interdiction to more

10.10.2011

Romania has a fiscal risk close to the EU average, and twice lower than the Greece's index value, according to a report published Monday by the European Commission. more

09.09.2011

Romanian employers called on Prime Minister Emil Boc to allow small companies to pay profit taxes annually, not quarterly, and raise the annual income cap for which value added tax is paid from more

08.31.2011

Romania's Government on Wednesday approved new fiscal regulations, whereby companies that pay their debts to the state by December 31 will not be liable for any overdue penalties, or will have their more

08.30.2011

Romania's new Fiscal Code, Fiscal procedure Code, heating aid ordinance and the act on the sale of a stake in state-owned energy distributor Electrica SA will be approved by the Government in its more

08.25.2011

Romanian SME owners have asked the Government to annul the penalties for overdue payment of debts to the state budget, incurred between 2009 and 2010 by companies that had no such problems before the more

08.12.2011

Romanian president Traian Basescu said Friday he supports the Government’s recently adopted fiscal strategy, adding Romania would default if it keeps borrowing money to pay wages and pensions. more

08.12.2011

The fiscal-budgetary strategy does not evaluate the risks that could affect macroeconomic and budget indicators, does not specify adjustment measures and does not give reasons for personnel expense more