06.26.2015

Officials of the European Commission and the Romanian government have not agreed on the changes Romania brought to its Tax Code and officials of the International Monetary Fund will not return to more

06.25.2015

The Tax Code approved by the Parliament stipulates the VAT cut to 19%, the scrapping of special constructions tax and the fuel excise duty and not the lowering of social insurance tax rates and the more

06.25.2015

The amending of the Tax Code and the Fiscal Procedure Code will "refresh" the business environment, but it does not include provisions for fiscal consolidation for Romanian companies, according to more

06.24.2015

The Romanian Chamber of Deputies on Wednesday approved the Tax Code and the Fiscal Procedure Code, with 306 pros, two cons and one abstention. more

06.23.2015

The introduction of the current form of the Tax Code in Romania starting next year will create a significant fiscal deficit, which could prove difficult to correct, according to the representatives of more

03.25.2015

The government has reserved the right to amend the Tax Code not just by law, six months prior to enforcement, but also though ordinances that take effect within 15 days, after Romania's tax law was more

03.25.2015

Romania's government on Wednesday approved the drat Tax Code and Tax Procedural Code, which will be sent to Parliament to be introduced on the agenda early next week. more

03.16.2015

Romania's government has extended the list of products to get a VAT cut to 9% to include milk, eggs, livestock and live poultry, besides meat, fish, fruit and vegetables, according to an updated Tax more

03.16.2015

Romania’s Government plans to increase taxes on lands within and outside city limits as of 2016, according to an updated draft of the Tax Code, compared to the draft presented a month ago. more

03.16.2015

Romania's government raises taxes on residential property even more as of next year, according to an updated draft of the Tax Code, from the draft presented a month ago. more

02.25.2015

Fiscal policy measures that stimulate economic activity and lower the tax and the administrative burden are welcome but there is also a risk of considerable changes to the draft Tax Code ahead of more

02.25.2015

The Romanian government will discuss the draft Tax Code again in view of approving it in the interval March 18-25, Finance Minister Darius Valcov said Wednesday during the weekly Cabinet meeting. more

02.24.2015

Romania would rather need fiscal relaxation measures in terms of supply, by cutting social security tax, instead of measures to stimulate demand by cutting VAT and excise duties, which will trigger more

02.20.2015

Prime Minister Victor Ponta said Friday he is considering adopting the new Tax code through a confidence vote in Parliament should the bill be blocked in the legislative process or risk not being more

02.18.2015

Romania's government plans to scrap tax on special constructions as of 2016, in order to encourage investments in the private sector and to boost Romanian companies’ competitiveness, according to more

02.18.2015

Romania’s Government plans to eliminate the 16% income tax on dividend payments to companies’ shareholders as of January 1, 2016, in a move to avoid double taxation which is expected to crack down more

02.18.2015

The Romanian government will allow local authorities to raise taxes directly, by up to 50%, every three years, based on inflation rate, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to establish taxes on apartments and houses at 0.08%-0.2% of the taxable value, from the current 0.1%, as of January 2017, according to the new Tax Code Draft. more

02.18.2015

Romania's government plans to cut the flat tax rate to 14% as of January 2019, from the current 16%, according to the new Tax Code Draft. more

02.18.2015

Micro-enterprises will have to pay a tax even if they don't have any employees and firms with one or more employees will pay 3% and 1% of their turnover, respectively, while firms with no employees more

02.18.2015

Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax Code more

12.10.2014

The Romanian government on Wednesday adopted an amendment to the Tax Code whereby the level of excises will be expressed in lei as of next year and indexed for inflation annually as of 2016. more

12.05.2014

The level of excises will be expressed in lei as of next year and indexed for inflation annually as of 2016, according to a draft amending the Romanian Tax Code. more

08.01.2014

The planned tax on special constructions will be applied starting 2015, most likely at the net fiscal value and not at the gross book value, as it happens now, Romania’s Finance Minister Ioana more

11.07.2013

The Romanian government will lower the revenue cap on micro-enterprises from EUR65,000 to around EUR50,000 (RON220,000) to get more firms into the tier of businesses that pay taxes on profit, a more