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Obligation To Submit Quarterly Fiscal Statements Stifle Stock Exchange And Mutual Funds
Companies

Obligation To Submit Quarterly Fiscal Statements Stifle Stock Exchange And Mutual Funds

Over 200,000 Romanians who invest in mutual funds or on the stock exchange have to go five times a year to fiscal agencies to submit income statements for amounts often of no more than 10 le...

Andrei Chirileasa · 12.12.2011 · 00:00 · 3 min
Social/Politics

Government Changes Again Clawback Tax Formula - Sources

The Romanian Government on Tuesday decided to change the formula used to compute the clawback tax imposed on drug producers, by implementing a system to consider producers’ market share and...

Ioana Tudor · 06.12.2011 · 18:51 · 2 min
Tenants To Withhold And Pay Taxes Owed By Landowners
Real Estate

Tenants To Withhold And Pay Taxes Owed By Landowners

Taxes owed by Romanian landowners will be withheld and transferred to the budget by the tenants, and the owners will not have to file a statement on their income from rents if they choose fo...

Radu Bostan · 04.12.2011 · 15:07 · 1 min
Small Vegetable, Fruit Producers To Pay Income Taxes
Social/Politics

Small Vegetable, Fruit Producers To Pay Income Taxes

All small Romanian producers of vegetables, fruit, flowers, cereal and wood will pay a tax of 16% on net income, while livestock farmers, beekeepers and silkworm farmers who do not sell to c...

Radu Bostan · 04.12.2011 · 14:02 · 1 min
Social/Politics

Romanian Homeowners May Pay Taxes As Individuals For Up To 5 Rooms Let To Tourists

Romanian homeowners who let between one and five rooms to tourists will be able to declare their income and pay taxes without registering as self-employed persons, according to a draft amend...

Radu Bostan · 14.11.2011 · 18:07 · 1 min
Technology &Telecoms

Nokia Working With Authorities In Tax Debt Issue

Officials with Nokia Romania said Friday they are working with authorities to analyze the situation and reach a satisfying outcome after the tax authority impounded its assets over a $10 mil...

Oana Gavrila · 11.11.2011 · 14:52 · 1 min
Romanian Tax Authority Impounds Nokia’s Romanian Assets For $10M Debt
Technology &Telecoms

Romanian Tax Authority Impounds Nokia’s Romanian Assets For $10M Debt

Romania’s tax authority ANAF impounded Nokia’s assets in Jucu, northwestern Romania, for a $10 million debt the Finnish mobile giant has amassed in unpaid custom taxes, ANAF chief Sorin Blej...

Oana Gavrila · 11.11.2011 · 10:46 · 1 min
Automotive

New Service Garage Authorization Taxes Shouldn’t Raise Car Repair Prices

The new annual authorization taxes paid by car repair shops starting October 1 should not raise repair prices, the Romanian Auto Registry (RAR) said Tuesday.

Ioana Tudor · 01.11.2011 · 13:22 · 1 min
Borbely: EU To Introduce Tax On Apartment Heating Systems In 2013 Or 2015
Social/Politics

Borbely: EU To Introduce Tax On Apartment Heating Systems In 2013 Or 2015

The European Union will introduce a pollution tax on apartment heating systems "in 2013 or 2015," said Romanian Environment Minister Laszlo Borbely.

Radu Bostan · 31.10.2011 · 17:12 · 1 min