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Results 76 - 100 from 457 for "tax"

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  • Energy Ministry Seeks To Postpone 2% Tax on Turnover in Energy Sector

    02.19.2019

    Romania's energy ministry seeks to postpone a 2% tax on turnover for energy companies for at least year but says the tax will not delay or hinder investments in the sector. more

  • Macro-Prudential Supervision Committee Says It Found Potential Solutions to Amend Tax Decree

    02.18.2019

    Romania's national committee for macro-prudential supervision announced Monday it has identified solutions and possible scenarios to amend a controversial government decree introducing new taxes on more

  • Central Bank Says Disconnecting Bank Tax from Money Market Rates Is Crucial

    02.15.2019

    Board members of Romania's central bank said it is essential that the country's new tax on banks' financial assets is disconnected from benchmark rates on the interbank money market rates such as the more

  • Finance Ministry Official Says Bank Tax on Assets is Quarterly

    02.14.2019

    Romania's tax on banks' financial assets is to be levied quarterly on the quarterly assets balance, an official at the Ministry of Finance said Thursday. more

  • Isarescu Says Bank Tax Is an Attack on Central Bank Independence

    02.12.2019

    Romanian central bank governor Mugur Isarescu said the tax on bank assets is an attack on the independence of the institution, as it hinders monetary policy. more

  • Banks in Romania Paid RON1.2B Tax on Profits in 2018

    02.07.2019

    The tax on profits commercial banks paid and the transfers from the net revenue of Romania’s central bank reached 1.84 billion lei (EUR388 million) in 2018, up about 80.8% over 2017, the 2019 budget more

  • Romanian Energy Companies Expect Loss, Staff Cuts Over Additional Energy Tax

    01.23.2019

    Energy companies in Romania expect losses and are considering staff cuts due to an additional tax the government decided to levy on the energy sector via emergency decree passed in December 2018. more

  • Major Banks Warn Government New Bank Asset Tax Will Trigger Economic Crisis in Romania

    01.21.2019

    In an unprecedented move, the banks in Romania through their leaders warned the government that Ordinance 114 introducing the bank tax will generate economic crisis in Romania and cause a decline in more

  • New Bank Tax Prompts BCR to Revise All Investment Plans, CEO Says

    01.18.2019

    Romanian lender Banca Comerciala Romana (BCR), majority owned by Austrian Erste Group, is reconsidering all its investment plans due to the new tax on bank assets, CEO Sergiu Manea said at a banking more

  • Finance Ministry Prepares to Deal New Blow to Banks: Non-Tax-Deductible Provisions

    01.16.2019

    The Finance Ministry has a new measure in store that will impact the banking system: provisions will no longer be tax-deductible unless there is a loan or financial-asset loss. more

  • Quarterly Bank Taxation Fears Cause EUR1B Capitalization Drop on Bucharest Stock Exchange

    01.15.2019

    Companies listed on the Bucharest Stock Exchange lost 4.3 billion lei (almost EUR1 billion) of their capitalization, which dropped to RON139 billion on Monday, as the plummeting banking stocks pushed more

  • Romania's Bank Tax Could Lower Interests on Deposits

    01.09.2019

    The so-called “greed tax” on bank assets will not necessarily affect lending so much as it might prompt bank to cut costs by lowering interest rates on deposits, which are already below the more

  • New Taxation Changes Hurt Most Representative Sectors on Bucharest Stock Exchange

    01.09.2019

    Energy companies and banks, which are among the most traded stocks on the Bucharest Stock Exchange, will pass on to their customers the financial burden introduced by the Emergency Ordinance 118, to more

  • Central Bank Governor Says ROBOR Rate Unconnected to Bank Tax

    01.08.2019

    Romania's central bank governor Mugur Isarescu said Tuesday after the bank's monetary policy meeting the recent drop in interbank interest rates has nothing to do with the tax on bank assets but with more

  • Prime Minister Appoints Mihaela Triculescu As Chief Of National Tax Agency ANAF

    01.03.2019

    Romanian Prime Minister Viorica Dancila appointed on Thursday economist Mihaela Triculescu as the new chairman of national tax agency ANAF, after she also dismissed former chief Ionut Misa earlier in more

  • Prime Minister To Dismiss National Tax Agency Chairman – Sources

    01.03.2019

    Romanian Prime Minister Viorica Dancila agreed on Thursday with a proposal made by the country’s finance minister to dismiss the chairman of national tax agency ANAF, Ionut Misa, and will sign a more

  • Foreign Investors Council: Hazardous Changes To Affect Economy Deeply

    12.20.2018

    The Foreign Investors Council (FIC), which consists of 123 member companies whose total investments in Romania amount to nearly EUR35 billion, warned Thursday the government's tax plans will affect more

  • SME Council Urges Govt to Improve Tax Collection Instead of Adding New Taxes

    12.20.2018

    Romania's SME council CNIPMMR firmly opposes the government's plans to levy new taxes and recommends improving tax collection and public services, the organization said in a statement Thursday. more

  • Business Sector To Govt: New Taxes Cause Shock and Chaos in the Economy. Stop!

    12.20.2018

    The business sector had a very harsh reaction to the government’s proposed new taxes in banking, energy and telecom sectors, asking it to stop. The Bucharest Stock Exchange lost 11% and fell into more

  • Bucharest Stock Exchange Loses Whole Year's Gains in Wednesday Session

    12.19.2018

    The main index of the Bucharest Stock Exchange lost 8.6% by midday Wednesday, in just two hours of trading, losing the entire year's growth on concerns over government plans to impose new taxes. more

  • Romania Announces New Taxes To Gain Extra RON10B Revenue

    12.19.2018

    Finance Minister Eugen Teodorovici on Tuesday evening announced new taxes on bank assets, energy and telecom companies, which he intends to use to patch the holes in the 2019 budget. more

  • Romania Had Second Lowest Tax-to-GDP Ratio in EU in 2017, of 25.8%

    11.29.2018

    Romania had a tax-to gross domestic product ratio of 25.8% in 2017, the second lowest level among European Union member states, down from 26.5% in 2016, Eurostat data showed. more

  • Tax Agency ANAF Under Pressure To Boost Revenue By 15%

    11.19.2018

    The Finance Ministry is asking tax agency ANAF to improve collection (by 15.3% compared with 2017) to meet the budget revenue and deficit target. more

  • Finance Minister: VAT Collection To Be “Aggressively” Pursued Until The End Of 2018

    10.05.2018

    Romanian Finance Minister Eugen Teodorovici said Friday that Romanian tax agency ANAF must “aggressively” pursue VAT collection to narrow the gap between collected and expected amounts, even if it more

  • OTP Bank Romania 1H Adjusted Consolidated Profit After Tax Soars 59% To RON19.7M

    08.13.2018

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