TAXES
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OMV Petrom Paid RON370M In 1H Extra Dues To State Budget
Romania’s biggest oil group OMV Petrom (SNP.RO) has paid some 370 million lei (EUR83.3 million) in additional taxes to the state budget in the first half of 2014, of which RON162 million on...
VISA: State Could Raise Revenue By 28% If 30% Of Taxes Were Paid By Card
A 30% card payment rate for taxes could lift state tax collection revenue by 28% and lower tax collection costs by 12%, said Friday Catalin Cretu, VISA manager for Romania and Croatia.
Romania To Raise Mining Taxes By Up To 6.7%
Romania's Government will raise mining taxes by up to 6.7%, less than a year since the last tax hike, and estimates to rake in an extra RON630,000.
Ponta Says Tax System Will Remain Unchanged This Year
The Romanian government has no plans to introduce a solidarity tax or progressive income taxes this year following the liberals' withdrawal from the ruling coalition, Prime Minister Victor P...
Visa: Romanians Paid RON133M In Taxes Using Bank Cards In 2013
Romanians paid 133 million lei (EUR29.7 million) in taxes online and using bank cards in 2013, up 36% on the year, due to a 38% increase in the number of transactions via POS (point of sale)...
2013 In Review: Ten Most Important Events In Energy Sector
The year 2013 looked like it was going to be a bumpy year right from the start. Rumors about the reduction of the green power support scheme, which attracted more than EUR4.5 billion investm...
Romania Needs More Efficient Spending, Rather Than More Taxes, BNR Official Says
Romania needs to improve the management of its public expenditure to stimulate economic recovery rather than impose new taxes, which can only slow down the growth rate, a central bank offici...
Romania Has Highest Number Of Tax Payments In EU, Wastes 200 Hours/Year Paying
A company in Romania makes 39 payments to the state each year as taxes and contributions, triple compared to the EU average, for which it wastes 200, and the bulk of the fiscal burden lays o...
EXCLUSIVE: Local Authorities May Raise Property Taxes For Individuals At Will
Romania and the International Monetary Fund agreed to give local authorities a free hand to increase taxes on property paid by individuals as much as they feel necessary.