Results 1 - 25 from 181 for "vat"
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Switzerland’s VAT Group Inaugurates New Plant In Romania, In VGP Park Arad
06.05.2025
Swiss-held VAT Group, a leader in the development and production of vacuum valves, has inaugurated its new plant in VGP Park Arad, which is now its third major operational hub worldwide, along with more
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EC Report Shows Link Between EUR8B In Uncollected VAT And CO2 Emissions
07.04.2024
In 2021, European Union member states lost around EUR61 billion in uncollected VAT, of which over EUR8 billion in Romania alone, placing the country third among European states in terms of more
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Filip & Company: Supreme Court Confirms Deductibility Of Expenses And VAT Generated By Transfer Pricing Adjustments
05.25.2023
Romania's High Court of Cassation and Justice has confirmed the deductibility of expenses and VAT generated by transfer pricing adjustments made by affiliated companies under contracts signed at group more
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Report: Romania Posts VAT Gap Of 35.7% In 2020, Highest In The EU
12.13.2022
Romania registered again the highest value-added tax (VAT) gap among European Union (EU) Member States, with 35.7% of VAT revenues going missing in 2020, according to the European Commission's recent more
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Romania VAT Revenue Up Only 3% in October, Much Lower Than Inflation Rate
11.28.2022
VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared with October 2021, according to the budget execution more
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Tax Office Pays RON5.9B In VAT Refunds In 4Q/2021, Up 14% Vs 4Q/2019
02.08.2022
The Romanian State refunded RON5.9 billion in value-added taxes to companies in the fourth quarter of 2021, a record amount for this period of the year and 14% higher than in the fourth quarter of more
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Romania VAT Revenue Up 36.2% YoY To RON72.79B In January-November 2021
12.27.2021
Net revenue from the value added tax grew by 36.2% to RON72.79 million in January-November 2021 compared to the same period in 2020, holding a 6.1% share in gross domestic product (GDP), in line with more
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Romania Records Highest National VAT Compliance Gap In The EU In 2019
12.03.2021
In 2019, Romania recorded the highest national VAT compliance gap with 34.9% of VAT revenues going missing in 2019, placing it first among European Union Member States, in line with a PwC analysis more
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Romania’s VAT Collections Hit Record High, Of RON36B, In 1H/2021
07.29.2021
Romania’s value-added tax (VAT) collections stood at RON36 billion in the first half of 2021, a record high in nominal terms, according to the budget execution released by the finance ministry on more
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Tax Office Pays RON4B in VAT Refunds in March
04.02.2020
Romania's tax administration agency ANAF refunded RON4 billion in value-added taxes in March compared with a monthly average of RON1.6 billion in January and February. more
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Romanian Government Repeals Split VAT Mechanism
12.23.2019
Romania's liberal government has repealed via emergency decree the split VAT mechanism that obliged companies to have separate, blocked accounts for VAT payments. more
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Romania Posts VAT Gap of 36% in 2017, Biggest in EU
09.05.2019
Romania posted the highest VAT gap in the European Union, with 36% of VAT revenues going missing in 2017, followed by Greece (34%) and Lithuania (25%), according to a study released Thursday by the more
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Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods
05.15.2019
The Romanian government adopted on Tuesday an emergency decree which reduces the value-added tax rate from 9% to 5% for organic, traditional, and mountain-area food products. more
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PwC Survey: Nearly A Quarter Of Firms Targeted By Tax Inspections In 2018
03.07.2019
Nearly a quarter (22%) of companies included in a PwC survey were subject to tax inspections in 2018, which targeted mainly the tax on profit and the value added tax (VAT) and the additional payment more
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EC Requests That Romania End Its VAT Split Payment Mechanism
11.08.2018
The European Commission has decided to send a letter of formal notice to Romania for applying a split payment mechanism for VAT, the EC said in a press release Thursday. more
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PwC: Romania Could Be Second EU Country To Apply Generalized VAT Reverse Charge Mechanism
10.08.2018
European Union Member States ”particularly affected by VAT fraud” will implement until June 30, 2022, under highly strict technical conditions, the generalised VAT reverse charge mechanism for more
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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
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Romanian PM Announces 5% VAT For Accommodation, Restaurants And Theme Parks
10.04.2018
Romanian Prime Minister Viorica Dancila announced on Thursday that the Government will set a 5% value added tax rate for accommodation, restaurant services and theme parks, ensuring that the country more
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PwC: Romania Loses Over EUR6B Annually from Uncollected VAT
09.24.2018
Romania lost EUR6.3 billion in uncollected VAT in 2016, according to calculations by PwC Romania based on a VAT gap study released by the European Commission. more
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EC: Romania Had Biggest VAT Gap in EU in 2016, of 35.88%
09.21.2018
Romania posted the highest VAT gap in the European Union in 2016, of 35.88%, according to a study released Friday by the European Commission. more
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Romania Supports Anti-VAT Fraud EU Directives
07.13.2018
Romania’s Finance Ministry announced that it supported two proposed EU directives designed to fight against VAT fraud during Friday’s ECOFIN meeting. more
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President Klaus Iohannis Signs Split VAT Bill Into Law
12.27.2017
Romanian President Klaus Iohannis on Wednesday signed into law a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolvent more
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Romanian Tax Authority Reports Growth in VAT Collections in 3Q
11.16.2017
Romania's tax authority said it value-added tax collection grew 7,23%n in the third quarter compared with the second for monitored taxpayers, and 22.32% growth in VAT collection from checked more
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Romanian Senate Adopts Split VAT Bill
10.31.2017
Romanian senators on Tuesday adopted a bill making separate payment accounts for value-added tax mandatory for companies with bad records in VAT payments and insolvent businesses. more
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PwC: Romania Still Registers Highest VAT Gap In The EU
10.06.2017