TAX
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ZF Digital ’17: Software Industry Warns Tax Changes Could Trigger Brain Drain
The local software and IT services industry has grown from several hundred million dollars more than a decade ago to more than EUR4 billion this year, driven by the investments of more and m...
Romanian Government Approves Controversial Tax Changes
The Romanian Government on Wednesday passed an emergency decree that includes controversial tax changes which would come into force starting January 1, 2018.
Bill On Social Security Tax Transfer Does Not Require Companies To Raise Gross Wages
The bill to modify the Fiscal Code to move the tax obligations from the employer to employee does not include any obligation for companies to raise the gross wages of the employees to keep t...
Romanian PM Denies Plans to Tax Bank Assets
Romanian Prime Minister Mihai Tudose denied plans to introduce a tax on bank assets, after an opposition senator said the government was planning to introduce a 0.5% tax on the assets of ban...
Opposition Senator Says Govt Plans to Tax Assets of Banking, Finance Companies
The Romanian government is planning a new tax on assets in the banking and finance sector, liberal senator Florin Citu, member of the budget-finance committee in parliament, said Wednesday o...
Researchers Want Same Treatment As Programmers: 0% Income Tax
Companies with billions of euros in revenue are waiting for the Finance Ministry and the Research Ministry to provide clarifications to the modification of the tax law so as to encourage R&D...
Romania’s IT Industry Hurt By Recent Tax Reforms
Following the drop of the social security and health insurance tax cap, a paragraph that is open to interpretation from a law issued during the Ciolos Government raises doubts about the tax...
Grindeanu Government Takes Business Sector By Surprise By Dropping Social Security Tax Cap
The income of the upper management in companies and banks is under attack by the new PSD (Social Democrat Party) government, which dropped the social security tax (CAS) cap of five gross ave...
Tax Authority: We Found EUR1B Taken Out Of Romania Via Transfer Pricing
Companies export profits from Romania via overpriced acquisitions, management fees and even via millions of euros in fees for lawyers and consultants.