Results 151 - 175 from 181 for "vat"
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IT&C Ministry Wants To Develop Web Application For VAT Refund
06.05.2012
Romania’s Communications Ministry wants to launch a web application through which firms will be able to submit value added tax refund requests, IT&C Minister Dan Nica said Tuesday. more
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Romania Raises Turnover Threshold For VAT Exemption To EUR65,000
05.30.2012
Romania's Government has issued an ordinance whereby self-employed people and micro-enterprises with turnover below EUR65,000 per year will be exempt from paying VAT. more
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Self-Employed Romanians Earning Less Than EUR65,000 Per Year To Be Exempt From VAT Payments
05.29.2012
Romania's Government will approve Wednesday an ordinance whereby self-employed people with income below EUR65,000 per year will be exempt from paying VAT, a decision that will affect artists and more
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Romanian Labor Market Returns To Pre-VAT Hike Levels After Two Years
05.17.2012
The number of employees in the Romanian economy reached 4.25 million people in March, marking a return to the level registered in June 2010, before the government raised the value added tax rate from more
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Multiple VAT Rates Will Only Lead To Fiscal Evasion, Says IMF
05.09.2012
The International Monetary Fund wouldn’t recommend Romania charges different sales tax rates for different types of business activities, because the measure will likely lead to tax evasion, IMF more
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Ponta Cabinet Eyes Introducing Simplified VAT Scheme For Small Businesses
05.07.2012
Romania’s Finance Minister-designate Florin Georgescu on Monday said the new Cabinet plans to introduce a simplified value added tax scheme for small businesses while a decision regarding a more
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EU Council Allows Romania To Increase VAT Ceiling To EUR50,000 From EUR35,000
04.03.2012
The Council of the European Union has allowed Romania to increase to EUR50,000, from the current EUR35,000, the annual turnover or revenue ceilings above which Romanian companies have to pay value more
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February’s Cold Weather Caused Budget Revenues To Rise By Just 1.2%
03.27.2012
Romania’s budget was fully affected by the bad weather in February, moving from a surplus of 0.2% of GDP in January to a deficit of 0.4% of GDP in February. more
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Romania Exempts EU From Refunding VAT For Operational Projects In Transport Sector
03.04.2012
The Romanian Government has decided the value added tax (VAT) for projects within the Transport Sector Operational Program will no longer be considered eligible cost compensated from European Union more
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Growth Rate Of VAT Revenues Halves In January
02.28.2012
The growth rate of revenues from the value added tax slowed down in January to 15%, half of the growth recorded in the same month of 2011. The slowdown of revenues collected came as the base effect of more
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Romania Has No Plans To Reduce VAT On Food - Agriculture Minister
02.22.2012
Cutting the VAT on food products is not on the Romanian Government's agenda for this year, since the current economic context does not permit fiscal relaxation, Agriculture Minister Stelian Fuia said more
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Romania Wants To Exempt Tour Operators From VAT Payment For Bringing In Foreign Tourists
02.19.2012
Romanian Regional Development and Tourism Minister Cristian Petrescu said he plans to propose exempting tour operators from paying VAT if they bring in foreign tourists, hoping the measure would lower more
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Ialomitianu: Government Has No Intention To Reduce VAT On Food
02.03.2012
Romanian Finance Minister Gheorghe Ialomitianu on Friday said the Government has no intention to reduce the value added tax, including for food products, adding the reduction of social security more
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Tabara Suggests 10% VAT On Farming Products
02.02.2012
Romania should reduce the VAT on farming products from 24% to 10%, to lower food prices and prevent tax evasion, Agriculture Minister Valeriu Tabara said Thursday in a press conference. more
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VAT For Car Purchases, Fuel Expenses Will Be Tax Deductible Up To 50%
11.12.2011
Romanian companies will again be able starting next year, after a three-year ban, to deduct fuel expenses for vehicles with nine or fewer seats, destined exclusively for passenger transport, as well more
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ANAF To Return VAT Worth RON1.4B In November
11.10.2011
Romanian fiscal watchdog ANAF on Thursday said it will return value added taxes worth a total 1.4 billion lei (EUR321 million) in November, for discount claims filed before October 25. more
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Way Out Of Recession As Seen By Foreign Investors
10.20.2011
The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorption of EU more
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Romania To Return VAT Worth A Total RON1.61B In October
10.10.2011
Tax authority ANAF on Monday said it will return value added taxes worth a total 1.61 billion lei (EUR373.9 million) in October, including RON363 million in compensations. more
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Can A VAT Cut Be Considered When Drafting The 2012 Budget?
09.27.2011
The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when economic more
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ANAF To Return VAT Worth RON1.5B In September
09.13.2011
Romanian fiscal watchdog ANAF on Tuesday said it will return value added taxes worth a total 1.5 billion lei (EUR350.29 million) in September, more than the monthly average this year, with the aim of more
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Romanian Tourism, Finance Ministries In Talks To Lower VAT To 9% For Tourist Services
09.13.2011
Romania’s Regional Development and Tourism Ministry is in talks with the Finance Ministry to lower value added tax for tourism services to 9%, Tourism Minister Elena Udrea said Tuesday. more
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VAT Revenues Climb Nearly 30% In July, Slowdown Sure To Follow
09.05.2011
Value added tax revenue surprisingly rose by 29.2% in July compared to July 2010, to RON4.2 billion (EUR0.99 billion), but the pace will most likely see a significant slowdown starting in August, more
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Udrea: Government Considers Reducing VAT On Tourism Industry Food To 9%
08.25.2011
Romania’s Tourism Minister Elena Udrea said Thursday the Government considers reducing to 9% the value added tax on foods served in tourism industry units. more
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Romania To Pay VAT Refunds Worth RON1.37B In August
08.08.2011
Romanian tax authority ANAF will pay value added tax refunds to companies worth 1.37 billion lei (EUR322 million) in August, of which RON344 million represents compensations. more
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ANAF To Return VAT Worth A Total RON1.47B In July
07.12.2011
Romania’s fiscal authority ANAF will return VAT worth a total 1.47 billion lei (EUR343 million) in July, with the first installment granted July 12. more