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ANRE: Consumers Paid RON406.4M As Cogeneration Tax In 1Q, Down 11% YoY
Electric power consumers paid 406.4 million lei (EUR90.2 million) as cogeneration (combined heat and power (CHP) tax in the first quarter of the year, down 11% from RON457 million in the cor...
Romania To Cut Cogeneration Tax By 46% Starting July 1
The cogeneration (combined heat and power (CHP) tax will be lowered by nearly 46% to RON0.00996 per kilowatt-hour of electricity, starting July 1, according to an order of the president of R...
Transport Minister: No Highway Tax In 2014 Or 2015
Transport Minister Dan Sova stated that the talks on highways taxation are theoretical at the moment, and authorities will not introduce highway taxes in 2014 or 2015.
How Google Explains Low Revenue In Romania
The difference between lower revenue reported by Google on several European markets, including Romania, and the amounts paid by companies in those countries, according to advertising agencie...
Ponta: Romania To Introduce Tax Exemption On Reinvested Profit As Of July 2014
Romania will introduce a tax exemption on reinvested profit starting July, 2014, on the basis of an emergency ordinance drawn up by the Finance Ministry, Prime Minister Victor Ponta said Tue...
Ben Terra, EY Netherlands: Romania Needs To Speed Up VAT Refunds And Have Clearer Legislation To Attract Investors
The taxation system is one of the essential factors analyzed when companies decide to do business and invest in a country and if the VAT is 24% and investors pay 24% more because of this tax...
OMV Petrom To Pay Special Construction Tax Of Up To $100M
OMV Petrom (SNP.RO), Romania's largest oil and gas group, will pay $70 million to $100 million in taxes for special constructions, company financial manager Andreas Matje said Wednesday.
EXCLUSIVE: Companies Understating Revenues To Pay 10-25% Penalties
Companies that understate their revenues to the tax authority will be forced to pay penalties of 10% to 25% of the unstated difference, according to a plan part of a set of measures fighting...
Overtaxation Effects: One In Five Work Contracts Either Part-time Or Fixed-term
More than 1.2 million employment contracts or 22% of the total are part time or fixed-term contracts (up to three years), as shown by the data the Labor Inspection Department found from Revi...