VAT
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Ponta: Romania May Ask Russian Mechel For VAT Refund
Prime Minister Victor Ponta said the Romanian Government may submit a request for value added tax refund to Russia’s steel giant Mechel and will impose tougher sanctions on private investors...
Vosganian Says GDP Growth Could Prompt Lower VAT Rates
An economic growth of 1.5% to 2% this year could prompt reductions in value added tax and social security contributions, Romanian Economy Minister Varujan Vosganian said Tuesday.
KPMG: Relatively Low Profit Tax Makes Romania Attractive To Investors
Romania has a relatively low tax on profit, of 16%, compared to the United Arab Emirates, which claimed the highest corporate tax rate (55%) last year, but needs to improve its fiscal stabil...
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...
Romania Might Lower VAT On Bread To 9% Starting July 1
Romania might apply starting July 1 a pilot-project to cut VAT on bread from 24% to 9% if budget revenues increase so as to be able to cover a 200 million lei (EUR45.6 million) deficit the m...
Blidar Terminates Contracts With Small Suppliers Due To VAT Changes
Businessman Valer Blidar, who owns the Astra Vagoane Calatori passenger rolling stock plant in Arad, said he has decided to terminate 400 contracts with small firms, with which he has worked...
Constantin: Romania May Cut VAT On Bread To 9% In H2
Romania’s Government wants to apply a pilot-project to lower VAT on bread from 24% to 9% as of the second half of 2013, aiming to reduce the tax evasion, Agriculture minister Daniel Constant...
Romania Might Cut VAT On Bread In 2013
Romania’s Government wants to apply a pilot-project to lower VAT on bread from 24% to 9% in 2013, Prime Minister Victor Ponta said Monday.
Romania Approves Norms Making VAT Due On Invoice Payment, Aims Publishing Guidebook
The Romanian Government on Tuesday adopted the methodological norms to enforce the system making the VAT due on invoice payment and aims to publish a guidebook on the new system.