SPECIAL CONSTRUCTION TAX
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Energy
Energy Producers Unable To Cope With Special Construction Tax
Energy producers will not be able to cope with the tax on special constructions, which is "unsustainable and burdensome", said Remus Borza, head of Euro Insol, legal administrator of Romania’s state-run hydropower company Hidroelectrica.
Banks-Insurance
Special Construction Tax Might Bring EUR500,000M To The Budget, 5-Fold Higher Than Estimated
The tax on special constructions might bring over EUR500,000 million to the state budget in 2014, up to 5-fold higher compared with authorities’ estimations, money taken out of the economy,...
Companies
Foreign Investors Call On Government To Scrap Tax On Special Constructions
Foreign investors are calling on the Romanian government to scrap the tax on special constructions in its current form because it is expected to generate huge losses for companies by doublin...