VAT
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Romanian PM Announces 5% VAT For Accommodation, Restaurants And Theme Parks
Romanian Prime Minister Viorica Dancila announced on Thursday that the Government will set a 5% value added tax rate for accommodation, restaurant services and theme parks, ensuring that the...
Romania Supports Anti-VAT Fraud EU Directives
Romania’s Finance Ministry announced that it supported two proposed EU directives designed to fight against VAT fraud during Friday’s ECOFIN meeting.
VAT Collection Down 8% In July 2017/July 2016 Despite Rising Consumer Spending
VAT collection has inexplicably worsened in July. While it dropped 4% year-on-year in the first half, in July it went down 8% compared with July 2016.
Romanian Government to Postpone VAT Cut to 18% for 2019
Romania's government will postpone a standard value-added tax rate cut to 18% from 19% for 2019, according to the new government program to be voted upon in Parliament Thursday.
Tourism Minister Aims To Cut VAT To 9% For Travel Agencies
Tourism Minister Mircea Titus Dobre said, at an event organized by the National Association of Tour Operators (ANAT), that he wants to cut the value added tax to 9% for travel agencies.
Kaufland Romania Cuts VAT To 19% As Of Dec 10, Three Weeks Earlier Than Official Deadline
Food retailer Kaufland Romania is implementing the law which lowers the standard VAT rate to 19% from 20% on certain categories of products, starting December 10, 2016, three weeks earlier t...
AmCham: VAT Cut, Beneficial For Business Environment, But Problematic For State Budget
Romania is facing problems with collecting taxes and fees, as the share of budget revenues in the GDP stagnated at 30%-31%, on the backdrop of a need to speed up the reformation of the tax a...
Romania’s Public Debt Up RON20B One Year After VAT Cut
Romania’s direct public internal and external debt reached 278 billion lei (EUR61.7 billion) at the end of May 2016, having gone up by RON20 billion on the end of May 2015, according to Fina...
Retailers ‘Ate’ One Third Of Food VAT Cut From 24% To 9%
Prices of food and non-alcoholic beverages rose by about 3.6% in the online stores of Carrefour and Cora in the first year of 9% VAT, which means about one third of the about 13% drop in pri...