lump sum tax

Romanian Lump Sum Tax Might Reach 28% Of Firms’ Revenue – SMEs Council

13:14, 09 Apr. 2010
The lump sum tax Romania plans to levy in 2011 on certain businesses will top, in some cases, the current flat profit tax of 16% and will reach 28% of a company’s gross revenue, if the calculation formula proposed by the Finance Ministry is kept, officials of the Council for SMEs said Friday.

Romanian Travel Agencies Tour Operators Won’t Be Levied Lump Sum Tax

14:54, 20 Ian. 2010
Romania’s Finance Ministry has told the National Association of Tour Operators (ANAT) travel agencies and tour operators will not be levied a lump sum tax, ANAT head Corina Martin told MEDIAFAX Wednesday.

Romanian Tourism Min Rejects Lump Sum Tax For Tourism Agencies

19:52, 18 Ian. 2010
Romanian Regional Development and Tourism Minister Elena Udrea told MEDIAFAX Monday she does not agree with applying the lump sum tax to tourism agencies, as their activity is not characterized by wide instances of tax evasion.

Lump Sum Tax To Be Restricted By Domains As Of Jan 1 – Romanian PM

12:51, 10 Aug. 2009
Romanian Prime Minister Emil Boc announced that the Finance Ministry was authorized to support, during Monday’s talks with the IMF, the maintaining of the flat tax at 16%, the non-taxing of the reinvested profit and the introduction of the lump sum tax restricted by domains.

Romanian Employers: 40,000 Small Cos Sharply Affected By Lump-Sum Tax

13:51, 15 Apr. 2009
Romanian Employers' Organization disagrees with the government's decision to introduce the lump-sum tax, saying that it will sharply affect 40,000 small companies that will be forced to close down or find ways to declare lower revenues.

Romanian Govt Approves Minimum Yr Tax Based On Co Turnover

16:22, 11 Apr. 2009
Romanian government on Saturday approved an emergency act under which companies are to pay a minimum yearly tax of 2,200 lei (some EUR500), computed based on turnover.

Romanian Cos Posting Losses May Pay Turnover-Based Lump Sum Tax

15:40, 06 Apr. 2009
Romanian companies posting losses over the last two years, regardless of their sector of activity, may pay a turnover-based annual lump-sum tax, according to the president of the general confederation of Romanian industrial employers UGIR 1903, Ioan Coraci.

Romanian Fin Min: New Lump Sum Tax Not Applied In Construction Sectoror

14:02, 04 Mart. 2009
Romanian Finance Minister Gheorghe Pogea said Wednesday the Government would not apply the lump sum tax to companies in the construction sector, as the sector needs additional incentives.

Romania’s Fin Min Says Lump Sum Tax Will Improve Tax Payment

13:54, 04 Mart. 2009
The Romanian Government plans to introduce the lump sum tax and give up the profit tax "for the hundreds of thousands of companies that report losses," in order to control tax payments more efficiently, Finance Minister Gheorghe Pogea said Wednesday.