ROYALTIES
25 articole · RSS
Romania To Renegotiate Oil, Gas Royalties Next Year
The ten-year contract between oil and gas company OMV Petrom (SNP.RO) and the Romanian state on royalties expires in 2014 and the question is what the new royalties will be, after the renego...
PwC: No Need For Modified Royalty Rates On Hydrocarbon Production In Romania
The taxation system for hydrocarbon production in Romania is adequate and requires no amendments, consultancy and tax audit firm PricewaterhouseCoopers (PwC) Romania said Tuesday.
Government Wants To Cut Social Security Contributions, Raise Royalties, Property Taxes
Romania’s state budget for 2014 is built on 2.2% growth, Minister-delegate for Budget Liviu Voinea said, adding that the Government is seeking to lower social security contributions and incr...
Nita: Romania Might Tax Shale Gas Differently From Conventional Gas
Romania’s taxation system for shale gas and gas extracted from Black Sea blocks might differ from that currently applied for conventional gas, if the country has such gas resources and begin...
Romania Wants To Raise Oil, Gas Royalties Earlier Than 2015
Romania’s government wants to increase the royalty rates levied on natural gas and oil producers earlier than the 2015 deadline agreed with Austria’s OMV nine years ago, when the latter boug...
Romania To Apply Special Tax On Natural Resources To Increase Budget Revenue
Companies that exploit and extract natural resources other than natural gas in Romania will pay a special tax of 0.5% of their revenue, which will be applicable between February 2013 and Dec...
Romania Expects To Collect EUR24M In Mineral Water Royalties From Five Firms In Next 20 Years
Romanian mineral resources agency ANRM estimates it will collect royalties amounting to EUR24.3 million in the next 20 years from five companies which exploit natural mineral water, clay and...
Romania To Keep Oil, Gas Royalty Rates Unchanged Until 2015
Romania will maintain its current royalty rates for oil and gas companies unchanged until 2015, Economy Minister Daniel Chitoiu said Friday.
PM Says Government To Rethink Royalties For Energy Resources By End-June
The Romanian Government will announce new royalty rates in the energy sector by the end of June, Prime Minister Victor Ponta said Sunday.