TAXES
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Romania’s Tax Changes Will Lower Consumption, Hurt Retailers’ Business And Investments
Romania’s new tax changes will lower people’s income, as they will ultimately pay for the tax hikes, affecting retailers’ business and investments, and the measures are set to backfire as st...
Businesspeople In Romania Denounce Government’s Planned Tax Increases
Businesspeople in Romania disagree with the Government’s planned measures to increase taxes, arguing they will directly and indirectly affect the entire business environment.
AmCham: Romania’s New Fiscal Measures To Further Increase Tax Burden
The Romanian Government’s planned fiscal measures will increase the burden on taxpayers to a level that is unprecedented in the past 20 years and will negatively affect investments and the c...
Isarescu: 2014 Inflation Forecast Doesn’t Factor In Latest Tax Increases
Romanian central bank governor Mugur Isarescu said Thursday that his institution has yet to assess the potential impact on the 2014 inflation rate of a recent series of fiscal measures annou...
EXCLUSIVE: Government To Allow Local Authorities To Raise Taxes For Individuals By More Than 20%
The government will allow for local taxes for individuals to be raised by more than 20%, citing local authorities’ “financial difficulties”.
Government Removes Over EUR600M From Economy Through New Taxes On Fuel And On Companies’ Assets
Analysts say the new taxes to be levied as of 2014 will indirectly also affect the population, leaving less money in Romanians’ pockets for consumption.
Romania Hikes Royalty Rates For Natural Resources
Romanian Prime Minister Victor Ponta on Monday said the government will increase the royalty rates levied on mineral resources other than natural gas and oil in a move to boost revenues to t...
AmCham, Foreign Investors Ask Romania's Government To Reconsider Fiscal Measures Pledged To IMF
The American Chamber of Commerce in Romania (AmCham) and the Foreign Investors Council (FIC) called on the Government to lower local taxes on property for companies, set up a stable and comp...
Romania Plans To Lower Revenue Cap For Micro-Enterprises Exempt From Profit Tax
The Romanian government plans to lower the revenue cap on micro-enterprises from EUR65,000 to around EUR50,000 to get more firms into the tier of businesses that pay taxes on profit, accordi...