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Government Must Cut VAT, Social Security Contributions To Stimulate Economic Growth - Investors
Romania’s Government must reduce the value added tax back to 19%, lower social security contributions and eliminate taxes on reinvested profit to ensure sustained economic growth, according...
Ponta: Romania Will Have Lower-Than-Expected Budget Revenues In 2013
Romania’s state budget revenues in 2013 will be lower than expected due to changes to bank provision regulations, to payment delays caused by the reorganization of tax authority ANAF and bec...
Romania Might Either Lower Social Security Contributions Or Increase Nontaxable Wage Base In 2014
Romania’s Government wants to apply softer fiscal measures on the labor market next year and is considering either lowering social security contributions or eliminating the 16% income tax on...
SMEs Minister Says Lump-Sum Tax Is Not Overtaxation
The lump-sum tax introduced in the hospitality and auto services industries is not overtaxation and companies in other sectors, such as law firms and dental practices, have requested to be i...
SMEs Minister Supports Tax Exemptions For Research, Development, Technology
Romania’s minister-delegate for small and medium-sized businesses Maria Grapini said Tuesday she supports exemptions from taxes on profit for SMEs reinvesting it in research, development, an...
Romania To Charge Health Care Contributions On Revenues From Rents
People gaining income from rents will have to pay health care contributions of 5.5%, according to a government emergency decree approved Wednesday, people close to the matter told MEDIAFAX.
New Taxes In Energy Sector Increase Budget Revenues By EUR28M In February-June
New taxes applied starting February this year to electricity and natural gas transporters, as well as to natural gas producers, increased budget revenues by about EUR28 million by the end of...
Government Seeks To Tax Compensations Of Owners Of Nationalized Property
Romania’s national property restitution authority ANRP and the Finance Ministry are looking into a taxation system to levy taxes on former owners of nationalized property whose government-aw...
AmCham Concerned About Emergency Decree Taxing By 85% Managers' Severance Pay
The Romanian business environment is concerned about the lack of clarity of a Government emergency ordinance taxing by 85% severance pay granted to managers and executive board members, the...