TAX CODE
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Romanian Politicians Agree To Cut VAT To 20% Next Year, To 19% In 2017
Romania's parliamentary parties agreed Thursday in talks on the country's new tax code to lower the general value added tax from 24% to 20% as of 2016 and further to 19% as of 2017.
Romania Should Invest In Infrastructure, Health, Education - Matthijs van Bonzel
Matthijs van Bonzel talked, in his last press conference as Dutch Ambassador to Bucharest, about the impact of the Tax Code on the business environment, saying that the money from the budget...
Romanian Parliament Postpones Tax Code Talks For Next Week
Romania's Parliament has canceled its extraordinary session called to debate the country's Tax Code, Senate chairman Calin Tariceanu said Monday.
Finance Minister Sees Deficit At 2% In 2017 Under Tax Code Amendments
Romanian finance minister Eugen Teodorovici said Thursday the country's budget deficit would drop to around 2% in 2017 following a gradual cut in the VAT rate and the elimination of an addit...
Romanian Businessmen Association Endorses Tax Cuts, But Opposes Increase In Public Sector Wages
The Romanian Businessmen Association, or AOAR, on Monday said it still supports the lowering of taxes, even gradually, as an attempt to return to the situation in 2010 when this measure was...
Isarescu: New Tax Code Is Inapplicable, Sending It Back To Parliament Was The Right Thing To Do
Romanian central bank governor Mugur Isarescu on Friday said the new Tax Code is inapplicable due to the impact the planned tax cuts would have on the country’s gross domestic product and sa...
Dumitru: Romania Should Not Repeat Past Mistakes Through Tax Code
Romania should not repeat the mistakes of other states or its own mistakes before the financial crisis, thus economic policies decision makers should act prudently, as it is easy to promise...
Fiscal Council: Average VAT Quota Of 14% As Of Jan 1, 2016 Places Romania Below All CEECs
Romania’s Fiscal Council said the cut in the standard VAT rate from 24% to 19% as of January 1, 2016 actually means a decrease of 8 percentage points, not five points, given that the average...
New Tax Code Could Lower Tax Evasion In Spirits Industry- Producers
The new Tax Code could lower the tax evasion of over 75% in the spirits industry, without decreasing the revenues collected to the state budget, according to Spirits Romania association, whi...