TAXES
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PwC: Romania Improves Position In World Ranking Regarding Number of Taxes Paid By Firms
Romania has climbed 18 spots and is placed 136th in a world ranking regarding the number of taxes companies must pay in a year, according to a PricewaterhouseCoopers (PwC) survey.
Taxpayers In Romania Must No Longer Pay Fees On Online Payments
Taxpayers in Romania will no longer be charged fees when they pay their taxes on the Internet, as the fees will be paid by local authorities, as per a draft act drawn up by the Ministry of C...
VISA Romania: Fees Charged By Local Authorities Hinder Online Tax Payments
VISA Romania general manager Catalin Cretu on Wednesday said the online payment of taxes is “up in the air” in Romania, because local authorities levied a fee on this type of transactions.
Private Pension Funds Functioning Tax Up 50% As Of January 2013
The functioning tax paid by the managers of Romania’s mandatory (Pillar II) private pension funds will increase by over 50% as of January 1, according to a decision recently approved by Roma...
Government OKs 7-Year Debt Payment For Public Television, Railway Companies
Romania’s Government approved a memorandum Saturday extending the debt payment schedules of public television SRTV, freight railway company CFR Marfa, and railway company CFR SA to seven yea...
Tax Authorities Might Introduce Extra Penalties For Undeclared Fiscal Debts
Taxpayers will pay penalties of 30% of the principal for undeclared fiscal debts, on top of the interest and overdue penalties provided by current law, according to an ordinance drafted by R...
IMF Rejects Romania's Plan To Lower VAT On Food, Introduce Progressive Taxation – Sources
The International Monetary Fund, the European Commission and the World Bank told the Romanian Parliament's committee for budget and finance that, for the time being, they do not agree with r...
Analysts Say Derogation To Fiscal Law Signals Non-Predictability Of Fiscal Policies
The Finance Ministry is preparing to increase public sector wages through derogation to the law of fiscal responsibility, while cutting infrastructure spending in this year’s first budget ad...
Higher Healthcare Contributions Seen Leading To Illicit Labor, Layoffs
Charging healthcare contributions as a share of the national average wage for employees earning less will encourage illicit labor, layoffs and restrict the hiring of young graduates, especia...