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Parliament Adopts Ordinance Making VAT Due On Invoice Payment Starting 2013
Romania’s Chamber of Deputies on Tuesday adopted a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013.
VISA Romania: Fees Charged By Local Authorities Hinder Online Tax Payments
VISA Romania general manager Catalin Cretu on Wednesday said the online payment of taxes is “up in the air” in Romania, because local authorities levied a fee on this type of transactions.
Senate Adopts Ordinance Making VAT Due On Invoice Payment Starting 2013
Romania’s Senate on Monday adopted unanimously a Government emergency ordinance making VAT due on invoice payment starting January 1, 2013.
Central Bank Makes First Principal Payment On Romania’s IMF Loan As Leu Hits New Low
Romania’s central bank (BNR) on Monday makes its first principal payment on Romania’s EUR12 billion loan from the IMF, amounting to around EUR670 million from its forex reserve.
Romanian Online Card Payments Up 40% In 2011, To EUR800M
The estimated value of online payments made with bank cards issued in Romania increased about 40% last year to some EUR800 million, of which EUR600 million are transactions made outside the...
Visa Wants To Introduce Mobile Phone Payments In Romania This Year
Visa will begin talks with Romanian banks to introduce smartphone payment services, possibly as early as this year, said Catalin Cretu, Visa Europe general manager for Romania.
Romanian Labor Ministry To Borrow RON650M From Treasury For EU-Funded Projects
The Romanian Government allowed the Labor Ministry to borrow 650 million lei (EUR149.5 million) from state funds obtained from privatization and deposited in the Treasury, to make payments w...
Romanian Farmers To Receive Friday EUR132.4M In Advance Payments
Romania’s Agency for Payments and Intervention in Agriculture (APIA) on Friday, November 25, will pay 577 million lei (EUR132.4 million) to 351,000 farmers within a state aid campaign (SAPS...
Private Pension Might Be Paid As Life Annuity, Or Fixed Sum On Determined Period
Contributors to the Romanian private pension funds will be able to choose between receiving pension as a life annuity or as a fixed sum paid during a determined period, according to a draft...