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TAXATION

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Government Wreaks Havoc In Business Sector With Proposed Tax Changes
Companies

Government Wreaks Havoc In Business Sector With Proposed Tax Changes

Tension between government and the business sector is mounting alarmingly fast after the Finance Ministry announced significant changes of the fiscal legislation at the end of last week: 1%...

Loredana Frățilă-Cristescu · 30.10.2017 · 10:28 · 3 min
Foreign Investors Council: Predictability Is Crucial to Economic Development
Companies

Foreign Investors Council: Predictability Is Crucial to Economic Development

The Foreign Investors Council (FIC) is worried by the substantial changes to the governing program and believes that such radical changes, announced at very short notice, can have a destabil...

Oana Gavrila · 05.07.2017 · 16:04 · 3 min
New Taxation System For Hydrocarbon Production Inapplicable As Of January 2016 - Companies
Energy

New Taxation System For Hydrocarbon Production Inapplicable As Of January 2016 - Companies

The new taxation system for hydrocarbon production will not be applicable as of January 1, 2016, as it takes procedures which require a longer time, according to the representatives of the R...

Gabriela Stan · 16.09.2015 · 15:38 · 1 min
Tax Authorities' Attitude Hinders Improvement Of Romania's Economic Competitiveness
Companies

Tax Authorities' Attitude Hinders Improvement Of Romania's Economic Competitiveness

The attitude of tax authorities in Romania has been unmindful of the business sector and is now anti-business. This relationship between the tax authorities and the local business sector, th...

Loredana Frățilă-Cristescu · 16.10.2014 · 11:18 · 3 min
CIS: Investors Fear Higher Taxation In 2015 To Offset Social Security Tax Cut
Banks-Insurance

CIS: Investors Fear Higher Taxation In 2015 To Offset Social Security Tax Cut

Investors will not assign resources immediately, as 3 months of social security tax cut does not represent a reliable measure, while the private sector fears that in 2015, the state will inc...

Gabriela Stan · 23.09.2014 · 13:58 · 1 min
CEZ Romania: Tax Burden On Business Too Heavy
Energy

CEZ Romania: Tax Burden On Business Too Heavy

Burden on business in Romania is too heavy and the authorities keep raising the tax levels, an official of utility CEZ Romania said Tuesday.

Florentina Dragu · 27.05.2014 · 13:47 · 1 min
Social/Politics

Romanian State Plays Dishonesty In Economy By Taxation - Employers' Confederation

Romanian state should be a player in the economy that follows the competition regulations, while it plays dishonesty in economy by means of taxation, Adrian Manolache, member in Concordia Em...

Gabriela Stan · 06.05.2014 · 15:05 · 1 min
JLL: Potential Flat Tax Increase To Affect Romania’s Competitiveness
Real Estate

JLL: Potential Flat Tax Increase To Affect Romania’s Competitiveness

A potential increase in Romania’s flat tax will affect the country’s competitiveness and its negative impact will not be compensated by a decrease in the value added tax (VAT), Gijs Klomp, M...

Ecaterina Craciun · 29.10.2013 · 17:00 · 3 min
Voinea: Romania Won’t Raise Taxes, Contributions On Copyright, Self-Employment Income
Macroeconomics

Voinea: Romania Won’t Raise Taxes, Contributions On Copyright, Self-Employment Income

The Romanian Government does not plan to increase taxes or social security contributions on intellectual property and self-employed income, the Minister-delegate for Budget Liviu Voinea said...

Ecaterina Craciun · 13.09.2013 · 14:06 · 1 min