TAX DECREE
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Romanian Government Adopts Changes to Tax Decree
Romania's government on Friday adopted a new emergency decree amending controversial legislation passed in December 2018 taxing the banking, energy and telecom sectors.
Romanian Government to Adopt Changes to Tax Decree Friday
Romania's government on Friday is set to adopt an emergency decree amending controversial legislation passed in December 2018 taxing the banking, energy and telecom sectors.
Romania Exempts Coal-Fired Power Plants from 2% Turnover Tax, Caps Electricity Prices until Feb 2022
Romania's government will keep a 2% tax on turnover for energy producers, exempting state-owned thermal and coal-fired power plants, and will keep a cap on electricity prices until end-Febru...
Coal-Fired Energy Producers May Be Exempt from 2% Turnover Tax
Coal-fired energy producers in Romania my be exempt from a 2% tax on turnover introduced via emergency decree in December 2018 but no other changes to the decree are expected for the energy...
Central Bank Official Warns Tax Decree Might Drive Pension Pillar II Admins Away
Central bank chief economist Valentin Lazea on Monday warned most if not all seven administrators of mandatory private pension funds, known as Pillar II, are looking to pull from Romania ove...
Black Sea Oil & Gas CEO Expects Tax Decree To Be Scrapped by 2021
Romania's tax decree could be scrapped completely by 2021 when Black Sea Oil & Gas is set to start extracting gas from the Black Sea in a $400 million investment, CEO Mark Beacom said Wednes...
Macro-Prudential Supervision Committee Says It Found Potential Solutions to Amend Tax Decree
Romania's national committee for macro-prudential supervision announced Monday it has identified solutions and possible scenarios to amend a controversial government decree introducing new t...