TAXES
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Government Starts Checking High Wealth People With Unpaid Taxes
The Romanian Government has started this year to check up on people with large wealth suspected of exceeding the “minimum acceptable risk” by not paying their taxes.
Fiscal Code Sets New Tax Norms For Farmers
Romanian farmers will pay taxes only for the number of animals, fowls and hectares of land exceeding the settled limits for the revenues that are not subject to taxes, according to the new F...
Petrom CEO: Romania’s Tax System Should Create A "Win-Win Situation"
Romania’s tax system should advantage both the state and the country’s top oil company OMV Petrom (SNP.RO) and 2013 will be the "year of dialog" on the issue with competent authorities, Petr...
Visa: Card Transactions For Tax Payment In Romania Up 30% In 2012, To RON98M
Card transactions for the payment of taxes increased by around 30% in Romania in 2012, in terms of both numbers and value, reaching over 98 million lei (EUR22.3 million), according to data r...
PwC: Romania Should Simplify VAT System, Give Firms Right Of Choice
The Romanian Government should simplify the value added system or give the taxpayer the right to choose an enforcement method and settle a sole tax on companies’ revenue, including the profi...
Government To Make Sure City Halls With Arrears Will Raise Local Taxes By 16%
Romania’s Government will make sure city halls that register arrears will increase local taxes by 16% to avoid amassing new debts, reads the country’s latest letter of intent to a loan agree...
Property Taxes To Grow For Commercial Spaces
The Romanian Government had pledged to the International Monetary Fund to change the calculation method of tax on property by July, which will be set based on the destination and not as diff...
Romania Amends Tax Code To Give Mayors Carte Blanche On Tax Increase
The Romanian Government will approve an emergency ordinance amending the Tax Code, which allows mayors to decide whether to increase local taxes and duties by indexing with the inflation rat...
Romania OKs Higher Local Taxes, Duties By Up To 16.05% In 2013
The Romanian Government approved in Wednesday meeting an increase of local taxes and duties by up to 16.05% in 2013.