TAX CODE DRAFT
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Tax Code Draft: Government To Scrap Tax On Special Constructions As Of 2016
Romania's government plans to scrap tax on special constructions as of 2016, in order to encourage investments in the private sector and to boost Romanian companies’ competitiveness, according to the new Tax Code Draft.
Tax Code Draft: Romania May Scrap 16% Dividend Tax As Of 2016
Romania’s Government plans to eliminate the 16% income tax on dividend payments to companies’ shareholders as of January 1, 2016, in a move to avoid double taxation which is expected to crac...
Tax Code Draft: Government To Allow Local Authorities To Raise Taxes By Up To 50%
The Romanian government will allow local authorities to raise taxes directly, by up to 50%, every three years, based on inflation rate, according to the new Tax Code Draft.
Tax Code Draft: Romanian Government To Hike Property Tax
Romania's government plans to establish taxes on apartments and houses at 0.08%-0.2% of the taxable value, from the current 0.1%, as of January 2017, according to the new Tax Code Draft.
Romania To Cut Flat Tax Rate From 16% To 14% In 2019- Tax Code Draft
Romania's government plans to cut the flat tax rate to 14% as of January 2019, from the current 16%, according to the new Tax Code Draft.
Tax Code Draft: Micro-Enterprises With No Employees To Pay Extra Tax
Micro-enterprises will have to pay a tax even if they don't have any employees and firms with one or more employees will pay 3% and 1% of their turnover, respectively, while firms with no em...
Tax Code Draft: Romania To Lower VAT To 20% Next Year, To 9% On Meat, Fish, Fruit And Vegetables
Romania's government plans to lower the value added tax from 24% to 20% as of next year and to 9% on food items such as meat, fish, fruits and vegetables, according to the country's new Tax...