TAX CODE
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Government Approves Ordinance Allowing Local Authorities To Hike Taxes
The Romanian Government Wednesday approved the ordinance stating local authorities may decide whether or not to increase local taxes in 2013.
Romania May Not Raise Local Taxes Before 2014 - Minister
Romania may not increase local taxes for 2013 as the legislation states they may only be altered at least six months before the beginning of the year, Romania’s Interior Minister Mircea Dusa...
Insurers: Private Health Insurance Deductions Should Be Clearly Stipulated In Tax Code
Insurers and providers of private healthcare in Romania think that stipulating fully deductible private health insurance in the Tax Code is key to the continuation of reform in the healthcar...
Romania Raises Turnover Threshold For VAT Exemption To EUR65,000
Romania's Government has issued an ordinance whereby self-employed people and micro-enterprises with turnover below EUR65,000 per year will be exempt from paying VAT.
Employers To Pay Half Social Contributions By Hiring Youths Under 25 – Bill
A bill put forward to the Romanian Senate says employers who hire young people under 25 for at least three years would pay only 50% of their social contributions.
Romania To Increase VAT Ceiling, Allow VAT Deductions On Car Purchases - Draft
The turnover ceiling above which Romanian companies have to pay value added tax will be hiked to EUR65,000 and the right to sales tax deductions on car purchases will be limited and, in some...
Milcev, Ernst&Young: Tax Code Will Not Be Republished Within Next 2-3 Years
The republishing of the Tax Code, long awaited and expected for this year, will not take place within the next 2-3 years, believes Alex Milcev, Fiscal Assistance Partner at audit and consult...
Tax Authority Faces Deadline To Refund Money Seized In Excess Of Debts
Romanian tax authority ANAF must refund in five days the money seized through distraint orders which exceeds contributors’ debts to the state, the Government said in a press release Wednesda...
Romania To Tax Sales To Scrapyards By 16%
Romania's Government has announced that income from the sale of scrap to scrapyards will be considered "income from miscellaneous sources" and will be subject to a 16% tax.