TAX CODE
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Four in 10 Companies Await Decisions from Parent Companies, 45% Say Will Keep Net Wages Unchanged
Nearly four in ten companies (37%) are awaiting decisions from parent companies regarding wages under the new Tax Code, according to a study by human resources company Adecco.
Romanian Government Seeks To Eliminate Tax on Dividends
Romania's government seeks to amend the Tax Code to eliminate a tax on dividends as of January 1, 2018.
Finance Minister-Designate Says Government To Keep Tax Code Measures
The government will keep all the measures in the Tax Code as well as the recent wage hikes while the 2016 budget will stipulate a budget deficit below 3% of the GDP, Finance Minister-designa...
Dumitru: Investors More Affected By Tax Unpredictability Than Tax Rates
Lack of predictability in Romania's tax system affects investors more and drives them away than the level of taxes, as taxes may be raised just as easily as they were cut if the budget is un...
Romanian Government Adopts Previously Postponed Tax Cuts
Romania's government on Tuesday adopted an emergency decree bringing forward to 2016 several tax cuts planned for 2017, the country's Finance Minister Eugen Teodorovici said
Wage Hikes to Push Romania's Budget Deficit to Over 4% - Fiscal Council
Romania's budget deficit could stand at 2.2% of GDP next year, following the impact of the country's new tax code, but planned wage hikes in the public sector may push the deficit to more th...
Romanian President Promulgates Tax Code
Romanian President Klaus Iohannis announced Monday he promulgated the new Tax Code, adding he is very satisfied with the development of the public debate, including debates between parties,...
Romanian Lawmakers Adopt Tax Cuts Under New Code
Romania's lower house of Parliament on Thursday adopted the country's new tax code, which lowers the general value-added tax rate, eliminates extra excises and lowers taxes on dividends.
Romanian Senate Adopts Tax Code
Romania’s Senate on Tuesday adopted the country’s new tax code, adding amendments convened with political leaders to have a gradual cut in the value added tax rate.