Low-Income People In Bucharest Exempt From Paying Water & Sewerage Services
Low-income people living in Bucharest can file applications to be exempted from paying cold water supply and sewerage services for a six-month period, between January 1, 2014 and June 30, 2014.
The measure targets people whose income per family member is lower or equal to RON400. (Curentul)
Protests Against Rosia Montana Mining Project Continue
Demonstrators against the gold mining project in Rosia Montana, western Romania, took to the streets Sunday for the eleventh straight weekend.
Thousands of Romanians across the country have been protesting against plans to allow the opening of the gold mine in Rosia Montana.
Last week, Social Liberal Union leaders Crin Antonescu and Victor Ponta had an emergency meeting to discuss the Rosia Montana mining project, but they failed to reach a consensus on the issue. (Evenimentul Zilei)
Romania’s Planned Tax On “Special Constructions” To Severely Affect Firms’ Budgets
The Romanian Government’s planned tax on “special constructions” starting 2014 will severely affect the budgets of state-run companies.
Romania expects to cash EUR10-EUR12 million a year from taxing special constructions of telecom operators and EUR60-EUR65 million a year from taxing special constructions of companies in the utilities sector starting 2014, government sources recently told MEDIAFAX.
The planned tax will also be levied on special constructions in the rail and road infrastructure.
The Government expects the measure will reign in revenue of 488 million lei (EUR110 million) in 2014. (Gandul)
Romania Lowers Revenue Cap For Micro-Enterprises Exempt From Profit Tax As of 2014
The Romanian government will lower the revenue cap on micro-enterprises from EUR65,000 to around EUR50,000 (RON220,000) to get more firms into the tier of businesses that pay taxes on profit, a measure to be enforced as of 2014.
The current Tax Code firms gaining revenues from management and consultancy activities are not included in the micro-enterprise category. Also, a firm is considered a micro-enterprise if its revenues do not exceed the lei equivalent of EUR65,000, it is not owned by the state and/or local authorities, and is not undergoing dissolution.
The new rules will be introduced as amendments to the Tax Code and are expected to be enforced as of January 2014. (Curentul)
Foreign Investors Scared By Romania’s “New Wave Of Taxes”
Foreign investors are scared by the “new wave of taxes” in Romania and President Traian Basescu has warned that the measures agreed upon with the International Monetary Fund (IMF) will only be a “setback” for the country’s economy.
The American Chamber of Commerce in Romania, or AmCham, recently said the Romanian Government’s planned fiscal measures will increase the burden on taxpayers to a level that is unprecedented in the past 20 years and will negatively affect investments and the competitiveness of Romanian products,
Romania’s government announced earlier this week a series of new fiscal measures, in a bid to boost revenues and balance up planned increases of public salaries and pensions. (Adevarul)
Deputy PM Says Mayors Will Get Higher Wages
Romania’s deputy prime minister Liviu Dragnea has promised mayors they would get higher wages.
He said mayors will also receive seniority bonuses and bonuses for European projects. (Adevarul)