VAT
136 articole · RSS
Analysis: Romania, EU's Laggard By VAT And Corporate Tax Collection
Romania ranks first among European Union member states regarding VAT and corporate tax collection, losing approximately one-third of potential revenue from each tax, per the latest analysis released by the European Commission.
It’s Official: VAT Goes Up To 21%, Dividend Tax Rises From 10% To 16%
The mix of administrative spending cuts and tax hikes starts with tax hikes. As of August 1, the standard VAT goes up from 19% to 21%, the food VAT from 9% to 11% and the power VAT from 5% t...
EC Report Shows Link Between EUR8B In Uncollected VAT And CO2 Emissions
In 2021, European Union member states lost around EUR61 billion in uncollected VAT, of which over EUR8 billion in Romania alone, placing the country third among European states in terms of n...
Filip & Company: Supreme Court Confirms Deductibility Of Expenses And VAT Generated By Transfer Pricing Adjustments
Romania's High Court of Cassation and Justice has confirmed the deductibility of expenses and VAT generated by transfer pricing adjustments made by affiliated companies under contracts signe...
Romania VAT Revenue Up Only 3% in October, Much Lower Than Inflation Rate
VAT revenue, the second most important resource of the state budget and a barometer for consumer spending increased by 3% in October 2022 compared with October 2021, according to the budget...
Romania VAT Revenue Up 36.2% YoY To RON72.79B In January-November 2021
Net revenue from the value added tax grew by 36.2% to RON72.79 million in January-November 2021 compared to the same period in 2020, holding a 6.1% share in gross domestic product (GDP), in...
Romanian Government Adopts Decree Reducing VAT for Organic, Traditional Foods
The Romanian government adopted on Tuesday an emergency decree which reduces the value-added tax rate from 9% to 5% for organic, traditional, and mountain-area food products.
PwC Survey: Nearly A Quarter Of Firms Targeted By Tax Inspections In 2018
Nearly a quarter (22%) of companies included in a PwC survey were subject to tax inspections in 2018, which targeted mainly the tax on profit and the value added tax (VAT) and the additional...
Finance Minister: VAT Collection To Be “Aggressively” Pursued Until The End Of 2018
Romanian Finance Minister Eugen Teodorovici said Friday that Romanian tax agency ANAF must “aggressively” pursue VAT collection to narrow the gap between collected and expected amounts, even...