HIKE
19 articole · RSS
It’s Official: VAT Goes Up To 21%, Dividend Tax Rises From 10% To 16%
The mix of administrative spending cuts and tax hikes starts with tax hikes. As of August 1, the standard VAT goes up from 19% to 21%, the food VAT from 9% to 11% and the power VAT from 5% to 11%, Romania’s Prime Minister Ilie Bolojan said on Wednesday.
Romania Ruling Coalition Set to Hike Pensions by 12.5% in 2023, Make Additional Cash Payments for Pensions Below RON3,000
Romanian prime minister Nicolae Ciuca announced state pensions will rise by 12.5% starting January 1, 2023.
Romanian Government to Raise Minimum Wage by up to 7.2% in 2020
Romania's government is considering raising the minimum wage by up to 7.2% in 2020, to RON2,230 from the current RON2,080, deputy prime minister Raluca Turcan said Tuesday.
Business Sector To Govt: New Taxes Cause Shock and Chaos in the Economy. Stop!
The business sector had a very harsh reaction to the government’s proposed new taxes in banking, energy and telecom sectors, asking it to stop. The Bucharest Stock Exchange lost 11% and fell...
Romania Announces New Taxes To Gain Extra RON10B Revenue
Finance Minister Eugen Teodorovici on Tuesday evening announced new taxes on bank assets, energy and telecom companies, which he intends to use to patch the holes in the 2019 budget.
Iasi Textile Mill Owner: We’re More Affected By Turkey’s Currency Crisis Than By Minimum Wage Hike
The minimum wage hike from 1,900 lei (EUR407) in gross amount per month to RON2,080 or RON2,350 for employees with more than 15 years length of service or who are higher education graduates...
A 4% ROBOR Would Significantly Affect Repayment Capability Of 57% Of Companies In Romania
Local companies are not ready to cope with interest raises and more than half of the companies with ongoing leu and euro loans will be significantly affected by a potential increase of the l...
900,000 Employees In Romania Earn More Than RON3,000 Per Month, Three Times More Than In 2012
About 900,000 of the employees in Romania (18% of all the employees in the country) earn more than 3,000 lei (EUR657) in net amount per month, according to the Labor Ministry data processed...
Biggest Textile Industry Employer In Vaslui Threatens To Close Plant If Minimum Wage Goes Up To RON2,000
The PSD (Social Democrat Party) government’s intention to raise the minimum wage by 38% as of next year (from 1,450 lei or EUR316 to 2,000 lei per month in gross amount) is seen differently...