TAXES
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Romania To Tax Excessive Per Diem Expenses In Public Institutions
Romania will tax excessively high expenses with per diem for public servants, but will make these expenses tax-exempt in the case of freelance activities, says a draft ordinance amending the...
Banks Paid 50% Less In Profit Tax In First Half
The Romanian government collected profit tax of EUR1.2 billion from companies in the first half of the year, 4% more than in the similar period of 2010, while amounts paid by banks halved.
Companies May Pay Profit Tax Yearly, With An Advance Of 25%
Companies may opt between paying the profit tax each quarter or once per year, but choosing the latter option will require an advance payment of 25% of the profit tax owed for the previous y...
Companies To Pay Social Contributions For Employees Earning Salaries, Copyright Income
Romanian companies will pay social security contributions for their freelance staff, if these employees also have a work contract with the same company, as well as for freelance activities c...
Romania To Increase Budget Earnings Through New Building, Land, Vehicle Tax System
Romania's Government will change the building, land and vehicle tax system, introducing a new calculation method that will allow earnings from this source to increase by more than 1 billion...
Basescu: Reducing Number Of Taxes Is A Priority
Romanian President Traian Basescu said Sunday, after the meeting with the IMF, European Commission and World Bank delegation, that one of the government's priorities will be revising the fis...
Light Fiscal Violations May Be Pardoned Earlier - Draft
Romanian companies that commit illegal acts which are not considered crimes and are punished only by a fine may request to have the act struck from their tax offense record after one year in...
Romania Might Keep Higher Taxes On Multiple Homes Into Next Year
Romania's Government has decided to keep charging higher taxes from owners of multiple houses and cars with engines larger than 2,000 cc, after the Parliament decided that the higher taxes w...
Romania Could Reduce Taxes For Doctors To Encourage Retention
Romanian authorities could encourage doctors to stay in the country by reducing taxes, like they do for IT specialists, private healthcare provider Regina Maria suggests.