10.28.2015

Lack of predictability in Romania's tax system affects investors more and drives them away than the level of taxes, as taxes may be raised just as easily as they were cut if the budget is under more

10.28.2015

The desired results of lowering the tax on dividends, to stop business owners from taking their gains out of the country, will be visible in 10-15 if Romania offers a stable legal framework, central more

10.27.2015

Romania's government on Tuesday adopted an emergency decree bringing forward to 2016 several tax cuts planned for 2017, the country's Finance Minister Eugen Teodorovici said more

10.26.2015

European Commission is less optimistic than the Romanian government as regards the tax collection capacity following the fiscal relaxation measures and will watch closely every measure, said Angela more

10.19.2015

Romania's ruling coalition may decide to cut several taxes, such as the tax on dividends, as of next year instead of 2017, as stipulated in the country's recently adopted tax code, Prime Minister more

10.05.2015

Romania's tax authority collected revenues of RON146.58 billion in January-September, 7.8% higher than in the same period last year and 0.8% higher than planned, due to improved collections in the more

10.01.2015

Romania's budget deficit could stand at 2.2% of GDP next year, following the impact of the country's new tax code, but planned wage hikes in the public sector may push the deficit to more than 4%, more

09.07.2015

Romanian President Klaus Iohannis announced Monday he promulgated the new Tax Code, adding he is very satisfied with the development of the public debate, including debates between parties, and the more

09.03.2015

Romania's lower house of Parliament on Thursday adopted the country's new tax code, which lowers the general value-added tax rate, eliminates extra excises and lowers taxes on dividends. more

09.01.2015

Romania’s Senate on Tuesday adopted the country’s new tax code, adding amendments convened with political leaders to have a gradual cut in the value added tax rate. more

08.27.2015

Romania's parliamentary parties agreed Thursday in talks on the country's new tax code to lower the general value added tax from 24% to 20% as of 2016 and further to 19% as of 2017. more

08.25.2015

Matthijs van Bonzel talked, in his last press conference as Dutch Ambassador to Bucharest, about the impact of the Tax Code on the business environment, saying that the money from the budget should be more

08.24.2015

Romania's Parliament has canceled its extraordinary session called to debate the country's Tax Code, Senate chairman Calin Tariceanu said Monday. more

08.20.2015

Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an additional more

08.10.2015

The Romanian Businessmen Association, or AOAR, on Monday said it still supports the lowering of taxes, even gradually, as an attempt to return to the situation in 2010 when this measure was announced more

07.24.2015

Romanian central bank governor Mugur Isarescu on Friday said the new Tax Code is inapplicable due to the impact the planned tax cuts would have on the country’s gross domestic product and saluted more

07.22.2015

A technical assistance mission of the International Monetary Fund (IMF) arrived in Romania Wednesday for a two-week period and will meet with officials of tax authority ANAF to discuss its division more

07.22.2015

Romania should not repeat the mistakes of other states or its own mistakes before the financial crisis, thus economic policies decision makers should act prudently, as it is easy to promise and give more

07.22.2015

Romania’s Fiscal Council said the cut in the standard VAT rate from 24% to 19% as of January 1, 2016 actually means a decrease of 8 percentage points, not five points, given that the average VAT more

07.21.2015

The new Tax Code could lower the tax evasion of over 75% in the spirits industry, without decreasing the revenues collected to the state budget, according to Spirits Romania association, which more

07.21.2015

Entrepreneurs, economists, managers and university professors support the implementation of the new Tax Code and the fiscal relaxation measures, considering it a chance that should not be missed, but more

07.21.2015

The Foreign Investors Council, an association of major foreign investors in Romania, supports the new Tax Code as adopted in Parliament but coupled with budget discipline to avoid macroeconomic more

07.20.2015

Romanian President Klaus Iohannis on Monday signed the Tax Procedure Code into law, the president's office said in a statement. more

07.17.2015

Romanian Finance Minister Eugen Teodorovici stated Friday that there is no logical or economic argument in the decision of President Klaus Iohannis to send the Tax Code back to Parliament for more

07.17.2015

President Klaus Iohannis has refused to sign the new Tax Code into law and sent it back to Parliament for reexamination, calling for a closer look at its implications on the state budget. more