Romania To Raise Mining Taxes By Up To 6.7%

Mining prospecting will carry a tax of RON341 per square kilometer from RON320, the exploration tax will be raised to RON1,366 per square kilometer from RON1,280, and the exploitation tax will be raised to RON34,152 per square kilometer from RON32,000.

The tax raises are set in a draft government decision drawn up by the country’s mineral resources agency ANRM.

Annual mining taxes were raised by 28% in July 2013.