REVERSE TAXATION
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Romania Plans To Keep Reverse Taxation On Cereal Until At Least 2018
Reverse taxation on cereal trade will no longer be limited in time, as the Romanian government has repealed a legislative provision setting the system would expire on May 31, 2014.
Romania To Apply Reserve Taxation On Power Deliveries, Green Certificate Transactions
Romania plans to apply reserve taxation on electricity deliveries to traders and on transactions involving green certificates in a move to fight tax evasion and eliminate cash-related proble...
Romania Extends Reverse Taxation System On Cereal, Despite EC’s Opposition
Romania’s Lower Chamber has recently approved an ordinance extending for another year the interval in which the country may apply reverse taxation on cereal, although the European Commission...
EU Denies Romania New Extension On Reverse Taxation System On Cereal
The European Commission has rejected Romania’s request to continue applying a reverse taxation system on cereal beyond June 1 this year, saying the procedure must not be used systematically...
Romania’s Applying Lower VAT On Bread Depends On Reverse Taxation For Cereal
Romania’s Government will decide whether to apply a lower sales tax, of just 9% instead of 24%, on bread alone or the entire wheat-bread chain depending on the European Commission’s plans re...
Romania Seeks EC Approval To Extend Reverse Taxation On Cereal By Two Years
Romania’s Government will ask the European Commission to extend by two years the interval in which the country may apply reverse taxation on cereal.
Reverse Taxation Reduced Romanian Illegal Cereal Trade By Up To 80%, Producers Say
Illegal cereal trade in Romania has decreased by 70% or 80% after the country introduced reverse taxation, said Thursday Nicusor Serban, vice-president of agricultural producer association L...
Romania Seeks EU Permission To Apply Reverse Taxation On Meat - Minister
Romania has asked the European Union for permission to apply reverse taxation on meat, besides fruit and vegetables, after the country has already been permitted to implement this measure fo...
Agriculture Ministry Sends New Reverse Taxation Proposition To Finance Ministry
The Romanian Agriculture Ministry has sent a proposition to apply reverse taxation on fruit and vegetables to the Finance Ministry, after Romania has already been permitted to implement this...