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Nuclearelectrica To Pay RON60M Special Construction Tax This Year, Down 32%
Romanian state-owned nuclear power producer Nuclearelectrica (SNN.RO) will pay a special construction tax of around RON60 million (EUR13.3 million), 32% lower than in 2014, as the tax was lo...
All Special Constructions Should Be Subject To Tax Cut From 1.5% To 1% - Energy Minister
All special constructions should be subject to tax cut from 1.5% to 1%, with no exception for the oil wells in the Black Sea, energy minister Razvan Nicolescu told "Mediafax Talks about Ener...
Tobacco Producers Fear New Excise Hikes
Tobacco producers fear new excise hikes as of next year, either by moving up the harmonizing calendar or by changes in the calculation methodology of the currency exchange rate used to calcu...
President Signs Tax Amnesty Bill Into Law
Romanian President Traian Basescu signed Tuesday into law a bill that exempts pensioners and parents on parental leave who received higher state allowances from paying that extra money back.
Romania To Lower Special Construction Tax From 1.5% To 1% Of Construction Value - PM
Romania's tax on special constructions, introduced earlier this year, will be lowered from 1.5% to 1% of the construction value, and the tax revenues will be placed at the disposal of local...
Hotels Could Benefit From Lower Profit Taxes And Social Security Contributions
Hotel businesses could benefit from several tax incentives, including a lower tax on profit and lower social security contributions, and could get state guarantees for investment loans, acco...
Budget Revenue Share Of GDP Down To Four-Year Low
The government came with two successive waves of taxation changes in 2013, followed by a new taxation increase in the first half of this year, but despite the new or higher taxes, the total...
EXCLUSIVE: Romania To Hike Apartment Tax, Cut Tax On Large Homes
The tax on apartments located in buildings more than three stories high, which include eight housing units, and on dwellings located in old buildings more than 30-50 years old will see a sli...
Savings Enabled By Social Security Tax Cut To Go To Raises And Investments, Entrepreneurs Say
Romanian entrepreneurs would use the money saved on social security tax after a cut thereof for raises, investment in expanding operations and new jobs, and for offsetting potential price hi...