VAT
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Romanian Tourism, Finance Ministries In Talks To Lower VAT To 9% For Tourist Services
Romania’s Regional Development and Tourism Ministry is in talks with the Finance Ministry to lower value added tax for tourism services to 9%, Tourism Minister Elena Udrea said Tuesday.
VAT Revenues Climb Nearly 30% In July, Slowdown Sure To Follow
Value added tax revenue surprisingly rose by 29.2% in July compared to July 2010, to RON4.2 billion (EUR0.99 billion), but the pace will most likely see a significant slowdown starting in Au...
Udrea: Government Considers Reducing VAT On Tourism Industry Food To 9%
Romania’s Tourism Minister Elena Udrea said Thursday the Government considers reducing to 9% the value added tax on foods served in tourism industry units.
Romania To Pay VAT Refunds Worth RON1.37B In August
Romanian tax authority ANAF will pay value added tax refunds to companies worth 1.37 billion lei (EUR322 million) in August, of which RON344 million represents compensations.
Tax Authority ANAF Checks Freelancers On VAT Payment
Romania’s tax authority ANAF is checking individuals who gain income from independent activities that exceeds the cap allowing VAT exemptions.
Ialomitianu: Romania Not Considering Any VAT Cut
Romania's Government is not considering lowering the value added tax for anything, Finance Minister Gheorghe Ialomitianu said Wednesday, in reply to National Housing Agency (ANL) official Ro...
Isarescu: Pension Cuts Preferable To VAT Rate Increase
Lowering the pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isare...
Romania Considers Reducing VAT On Construction Materials - Official
Romania's Government is considering reducing the VAT on construction materials, National Housing Agency (ANL) official Romeo Dragan said in a conference hosted by business daily Ziarul Finan...
Basescu Says VAT Increase ‘A Political Error’
Romanian President Traian Basescu on Thursday said that raising the value added tax rate to 24% from 19% was a “political error” that delayed the country’s exit from recession by at least si...