VAT
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Ialomitianu: Government Has No Intention To Reduce VAT On Food
Romanian Finance Minister Gheorghe Ialomitianu on Friday said the Government has no intention to reduce the value added tax, including for food products, adding the reduction of social secur...
Tabara Suggests 10% VAT On Farming Products
Romania should reduce the VAT on farming products from 24% to 10%, to lower food prices and prevent tax evasion, Agriculture Minister Valeriu Tabara said Thursday in a press conference.
Decision To Allow Firms To Deduct VAT For Car Purchases To Stimulate Car Market
The Romanian Government’s decision to allow companies starting next year to deduct fuel expenses, as well as the value added tax from car purchases will help stimulate, at least to some exte...
VAT For Car Purchases, Fuel Expenses Will Be Tax Deductible Up To 50%
Romanian companies will again be able starting next year, after a three-year ban, to deduct fuel expenses for vehicles with nine or fewer seats, destined exclusively for passenger transport,...
ANAF To Return VAT Worth RON1.4B In November
Romanian fiscal watchdog ANAF on Thursday said it will return value added taxes worth a total 1.4 billion lei (EUR321 million) in November, for discount claims filed before October 25.
Way Out Of Recession As Seen By Foreign Investors
The Foreign Investors Council (FIC) proposes the return to a 19% VAT as a solution to revive consumption and economic growth, reducing social security contributions and increasing the absorp...
Romania To Return VAT Worth A Total RON1.61B In October
Tax authority ANAF on Monday said it will return value added taxes worth a total 1.61 billion lei (EUR373.9 million) in October, including RON363 million in compensations.
Can A VAT Cut Be Considered When Drafting The 2012 Budget?
The first discussions on the draft budget for 2012 bring about the first scenarios. The Government is due to send the draft budget for 2012 to Parliament by October 15th, at a time when econ...
ANAF To Return VAT Worth RON1.5B In September
Romanian fiscal watchdog ANAF on Tuesday said it will return value added taxes worth a total 1.5 billion lei (EUR350.29 million) in September, more than the monthly average this year, with t...