GOVERNMENT
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Romanian Government To Legislate Gratuity
Romanian government passed an emergency ordinance on gratuity Wednesday, which will come into effect after being published in the Official Gazette.
European Commission Voices Concerns Over Romania’s Planned VAT Cut
The European Commission is concerned about the Romanian Government’s plan to reduce VAT rates which are expected to have a substantial negative fiscal effect, EC Vice-President Valdis Dombro...
Firms Hiring Youths Aged Up To 24 To Get EUR200 And RON500/Month/Employee For 1 Year
Companies in Romania that hire youths aged up to 24 will receive EUR200 and RON500 monthly for each employee, for a one-year period, provided they keep them employed for at least 18 months,...
Government Approves New Tax Code
Romania's government on Wednesday approved the drat Tax Code and Tax Procedural Code, which will be sent to Parliament to be introduced on the agenda early next week.
Government Postpones Social Security Tax Cut Until 2018
Social security contributions paid by employees and employers will be reduced starting 2018 , according to the latest update to the draft Tax Code, which the government presented Wednesday.
Romania Mulls VAT Cuts Earlier Than 2016, PM Says
Romania's government will decide in April whether to reduce starting June the standard quota of the value added tax from the current 24% to 20%, or the tax for basic food products from 24% t...
Government Discusses Bill Regarding Conversion Of Foreign Currency Loans Into Lei
Romania’s government on Wednesday discussed a bill regarding the conversion of foreign currency-denominated loans into leu-denominated loans.
Government Hikes Taxes On All Types Of Lands In Updated Tax Code Draft
Romania’s Government plans to increase taxes on lands within and outside city limits as of 2016, according to an updated draft of the Tax Code, compared to the draft presented a month ago.
Government Raises Property Tax In Updated Tax Code Draft
Romania's government raises taxes on residential property even more as of next year, according to an updated draft of the Tax Code, from the draft presented a month ago.