TAXES
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Hidroelectrica Expects To Pay RON867M In Dividends To Romanian State From 2019 Net Profit
The management of Hidroelectrica, the largest energy producer and the most profitable state-owned company in Romania, has decided to pay the company's financial dues in time and to not make...
Romanian Financial Watchdog Lowers Taxers and Fees by 25%
Romania's financial supervisory authority decided in a meeting Tuesday to lower by 25% all taxes, commissions and fees owed by supervised and regulated entities.
Results of Tax Incentives for Construction Sector Not As Good As Expected
The return of Romanians working abroad home to take construction jobs – a goal that the government set when it passed the Emergency Ordinance 114/2018 did not go as expected by the companies...
Romanian President Signs Off On Bill Removing 102 Non-Fiscal Taxes
Romanian President Klaus Iohannis on Friday signed into law the bill stipulating the elimination of 102 non-fiscal taxes, the presidential administration said in a statement.
AmCham: VAT Cut, Beneficial For Business Environment, But Problematic For State Budget
Romania is facing problems with collecting taxes and fees, as the share of budget revenues in the GDP stagnated at 30%-31%, on the backdrop of a need to speed up the reformation of the tax a...
Posta Romana Paid EUR163M In Taxes To State Budget In 2014-2015
Romania's state-owned postal operator Posta Romana contributed EUR163 million to the state budget in 2014 and 2015, as profit tax, VAT for commercial contracts, and taxes to the state budget...
ASF To Cut Some Taxes, Quotas For Insurance And Private Pension Companies As Of January 1
Romania’s Financial Supervisory Authority (ASF) will cut certain taxes and quotas applied to private pension funds by 50% and by 20% for insurance companies, as of January 1, with an impact...
KPMG: Romania’s VAT Standard Rate To Remain Among World’s Highest Even After Planned Cut To 20%
The standard VAT rate in Romania is among the highest in the world and will still be placed in the first fifth of the global ranking even after its planned cut to 20% starting January 1, 201...
Romania Raises Mining Taxes In Ratio With Inflation
Romania’s Government on Wednesday decided to raise mining taxes on prospecting, exploration and exploitation of mineral resources, in ratio with inflation, and expects to rake in RON1 millio...