FISCAL COUNCIL
42 articole · RSS
Fiscal Council: Average VAT Quota Of 14% As Of Jan 1, 2016 Places Romania Below All CEECs
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...
Fiscal Council: VAT Cut On Food Items Should Have Been Announced Right Before Implementation
The VAT cut to 9% on food items should have been announced right before its implementation, to avoid price hikes operated by retailers, Fiscal Council head Ionut Dumitru told Coface Country...
Fiscal Council: New Tax Code Measures Highly Stimulate Demand, Trigger Imbalances
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...
Romania’s Fiscal Council Says 2015 Budget Revenue Overestimated
Romania’s Fiscal Council says the fiscal revenue is overestimated by 2.35 billion lei (), or 0.33% of the gross domestic product, in the 2015 budget draft, while the investment expenditure w...
Fiscal Council: Certain Revenue Hike In 2015 Budget Overvalued, Expenses Underestimated
The Fiscal Council representatives estimate that the increase of certain categories of revenue in the 2015 draft budget are overvalued, while other expenses are underestimated, and that doub...
Fiscal Council: Third Budget Revision Is Illegal; 2015 Budget Still Under Pressure
The third budget revision for 2014 is breaking the law and shows the government’s incapacity to organize and implement the budget, mainly in terms of investments, while the payment of certai...
Fiscal Council: Romania Government Needs To Find Additional Resources For 2015
Romania’s government needs to show the International Monetary Fund the resources to cover a budget revenue gap of 15 to 17 billion lei (3.4-3.8 billion euros) next year, according to Ionut D...
Fiscal Council Says Government's VAT Collection Estimate Of Extra RON544.8M Unrealistic
Romania's Fiscal Council on Tuesday said the government’s revised estimate for VAT collections is unrealistic, considering collections in July and August, adding the more cautious approach w...
Fiscal Council: August Revision To Put Extra Pressure On Future Budgets
Romania’s upcoming budget revision fails to present sustainable measures to offset the low fiscal collection in the first half of the year or the planned reduction of the social security tax...