taxes

Romania’s Main Opp Party Wants Higher Flat Tax On High Income, Higher VAT For Certain Products

21:14, 09 Mai 2010
Romanian opposition social democrat head Victor Ponta said Sunday, after a meeting with IMF experts, that the Social Democratic Party is in favor of increasing the flat tax for high-income social categories and increasing the value added tax for certain products.

IMF Says Romania Forced To Hike Taxes If Pension, Wage Cuts Prove Ineffective- Senate Chairman

13:38, 09 Mai 2010
Romanian Senate Chairman Mircea Geoana stated Sunday that the International Monetary Fund experts “clearly” said the Romanian Government will have to increase taxes if planned salary and pension cuts prove ineffective in point of slashing public spending and implicitly, reducing the budget deficit.

Romania, IMF Consider Harsher Spending Cuts To Reduce Deficit – Sources

18:52, 05 Mai 2010
Romania and the International Monetary Fund are considering drastic personnel and expenditure cuts to contain the budget gap at below 7% of the gross domestic product in 2010 without having to resort to tax increases, people familiar with the talks told MEDIAFAX Wednesday.

IMF: No Comment On Romania Fiscal Measures Before Agreement

16:06, 05 Mai 2010
The International Monetary Fund won’t present any of the fiscal measures discussed with the Romanian authorities until an agreement is reached, IMF mission chief Jeffrey Franks said Wednesday.

Romanian Govt “Is Trying” Not To Hike Taxes – Fin Min

13:30, 04 Mai 2010
Romanian finance minister Sebastian Vladescu on Tuesday said the government is trying to keep the current taxation and there are several options on the table in negotiations with the International Monetary Fund, but none corresponds to variants presented in the media.

Romanian Govt To Hike Over Six Times Vessel Taxes By Amending Fiscal Code

19:08, 24 Mart. 2010
The Romanian Government will amend the Fiscal Code to increase over six times annual taxes collected by local authorities on sports and voyage vessels.

Over 70% Of Romania’s Wine Production Isn’t Taxed – Winemakers

13:52, 22 Mart. 2010
Over 70% of Romania’s annual wine production, or about 4 million hectoliters, isn’t taxed and goes to the black market and winemakers’ own consumption, Ovidiu Gheorghe, general manager of Romania’s winemakers association, told a news conference Monday.

Romanian Government Set To Reduce Fiscal Red Tape For Companies

14:16, 11 Mart. 2010
The Romanian Government will allow companies to pay the bulk of debts to the state budget, and not just the penalties connected to the debt, and will reduce the number of required monthly fiscal statements, said Romanian Prime Minister Emil Boc.

Romania’s Economy Min Resumes Debates On Draft Law Supporting Young Entrepreneurs

19:41, 28 Feb. 2010
Romanian youths that plan to set up firms will be exempt from paying taxes on profit and salaries in the first three years, according to a draft law put up for public debate by Romania’s Ministry of Economy, Commerce and Business Environment, after a similar draft act was debated in September 2009.

Romania’s Fin Min Urged To Exempt Disabled People From Paying Taxes On Salary, Pension

14:59, 26 Feb. 2010
Romania's National Authority for People with Disabilities (ANPH) Friday urged the Finance Ministry to amend a Government decision which applies taxes on the salaries and pensions of people with serious disabilities.

Romania Fin Min: People Holding Farming Lands In Vain Should Be Sanctioned

12:14, 09 Feb. 2010
Romania’s Finance Minister Sebastian Vladescu said Tuesday, at the opening bell of the Bucharest Stock Exchange, that people who own farming lands but don’t use them should be sanctioned.

Romanian Small Businesses To Go Bankrupt, Move Offshore Over Tax Raise

14:16, 03 Feb. 2010
Most Romanian small businesses will go bankrupt, move their business offshore or continue to work as authorized individuals because of the government’s plan to stop allowing them to pay a 3% income tax, fiscal consultancy company R&M Audit said Wednesday.

Romania Tax Collecting, Soc Security Systems Need Improvement – IMF Official

12:51, 28 Ian. 2010
Romania must improve its tax collecting system and rethink the social security sector, because it’s bleeding money and the existing framework program does not provide sufficient monitoring of the collected amounts, an official at the International Monetary Fund said Thursday.

Romania Will Ease Tax System Not Lower Taxes – President

10:21, 22 Ian. 2010
Romania’s President Traian Basescu said Thursday evening during a meeting with German investors that taxes will neither be reduced nor increased, adding the country’s tax system simplification does not entail tax cuts.

EXCLUSIVE: Romanian Govt Mulls Collecting Social Security Contributions From Freelancers

13:26, 08 Ian. 2010
Romania’s government is planning to stop exempting people from paying social security contributions for income gained from copyright, royalties and various collaboration contracts, people close to the matter told MEDIAFAX.

Romania Not To Introduce New Taxes In Agriculture – Fin Min

16:38, 07 Ian. 2010
Romania's Finance Minister Sebastian Vladescu said Thursday there are no talks on the introduction of new taxes in agriculture, but unregistered farms need to be taxed, so that budget revenues can be increased.

Romanian Govt To Keep VAT At 19%, Flat Tax At 16%

17:25, 20 Dec. 2009
Romania’s future government will keep the flat tax at 16% and the value added tax (VAT) at 19% in next year’s state budget, which is built on a deficit of 5.9% of gross domestic product and economic growth of 1.3%, Prime Minister-designate Emil Boc said Sunday.

Romania Central Bank Jan-Oct State Dues At RON1B – Bk Chief

10:43, 09 Dec. 2009
Romanian central bank paid dues to the state budget worth nearly 1 billion lei (EUR1=RON4.2249) in January-October period, amounting to 80% of the lender’s profit, governor Mugur Isarescu said Tuesday.

Hiking VAT, The Easiest Way To Increase Budget Revenue In Romania – PwC

13:38, 23 Nov. 2009
Increasing the value added tax rate would be the easiest solution for budget revenue growth in Romania, but such a measure would trigger short-term inflationary pressure, said Monday Peter de Ruiter, partner with PricewaterhouseCoopers (PwC) Romania.

Romania Fin Min: Hiking VAT, Flat Tax A Mistake

12:25, 19 Nov. 2009
Romania would make a “big mistake” to increase the value added tax and the flat tax, as changing them after the effort it took to keep them at the current levels would be procyclic policy, an official of the Finance Ministry said Thursday.

Tax Hikes Unavoidable If Romania Public Sectors Doesn’t Adjust – Ctrl Bker

11:40, 19 Nov. 2009
Romania won’t be able to avoid tax hikes in the coming period unless the authorities implement appropriate adjustments in the public sector, a central bank official said Thursday.

Airliners To Pay Higher Taxes On Bucharest’s Baneasa Airport

14:16, 28 Oct. 2009
Airliners operating on the Bucharest's Baneasa Airport will pay higher taxes and might relocate their activity to Otopeni Airport, just outside Bucharest, starting 2012, general manager of Baneasa airport George Mihalcea said Wednesday.

Local Taxes In Romanian Capital To Rise 15% As Of 2010

19:15, 14 Oct. 2009
Inhabitants of Romania’s capital, Bucharest, may pay 15% higher local taxes in 2010, up to 15.49% more for buildings, depending on their location and the materials they are made up of, according to a City draft law.

Romanian Competition Regulator Proposes Removal Of Several Taxes In Retail

14:43, 29 Sept. 2009
The Romanian Competition Council proposed, following an investigation performed on the retail market, the removal of several taxes, such as the tax meant to cover expansion costs, the tax covering the risk of non-selling products and the removal of the favored client clause.

Romania Ups Local Taxes, Fees By 20% In 2010 In Ratio With Last Three Yrs’ Inflation Rate

11:22, 25 Sept. 2009
The Romanian Government decided to increase local taxes and fees by some 20%, as of 2010, in ratio with the inflation rate over the past three years.

Romanian Interior Min Demands 15% Share From Taxes Collected

14:49, 25 Aug. 2009
The Romanian Ministry of Interior wants a 15% share from the taxes it collects for the state budget, to be used by the ministry, according to a draft emergency ordinance, publicly debated until September 3.

Romanian Social Democrats Frown On Vat Increase, Want Min Tax Scrapped In Sept

17:13, 02 Aug. 2009
Romania’s social democrat minister for SMEs, Constantin Nita, told a news conference Sunday that his Social Democratic Party doesn’t support a VAT increase and insists the government cancels the minimum tax as of September 1.

Romanian Rail Ops To Pay Differentiated Taxes To Use CFR Infrastructure

15:15, 30 Iul. 2009
Romanian state-run rail company CFR SA will charge rail operators differentiated fees for utilizing its infrastructure, based on a series of indicators including tonnage and the distance travelled, according to a government act published Wednesday.

Romanian Govt Groups Trade Registry Fees Into Fewer Categories

19:25, 15 Iul. 2009
The Romanian executive on Wednesday decided to group registration fees for companies that enroll in the country’s Trade Registry, in a move to simplify administrative procedures and reduce taxes.

Romania’s Ctrl Bker Disagrees WithAny Hikes Of Major Taxes

15:14, 01 Iul. 2009
Romanian central bank governor Mugur Isarescu said Wednesday he personally disagrees with an increase in any of the major taxes, and even with talks on this issue, which confuses people and the market even more.

Romanian Cos Targeting 6-Mo Budget Debt Payment Delay To Submit Bk/Property Guarantees

15:07, 01 Iul. 2009
The Romanian companies aiming to postpone paying budget debts for a six-month period will be compelled to guarantee the subsequent debt reimbursement through banking and/or real estate letters of guarantee, which need to cover the deferred amounts and any delay penalties.

Romania’s ghiseul.ro Tax Payment Service Available Nationwide By Oct 1

19:16, 25 Iun. 2009
Romania’s IT&C Ministry on Thursday announced the online payment service via www.ghiseul.ro, through which individuals can pay their taxes on income and traffic fines, will be extended countrywide by October 1.

Slovak Sky Europe Agrees To Pay Daily Taxes To Romanian Airport

11:42, 25 Iun. 2009
Airline company Sky Europe accepted paying daily, in cash, the airport services provided by the "Aurel Vlaicu" (Baneasa) Airport in Bucharest, so traffic is unfolding normally, airport general manager George Mihalcea told MEDIAFAX.

Romanian Govt Increases Most Gambling Taxes – Sources

19:56, 24 Iun. 2009
The Romanian Government decided to increase most gambling taxes and the minimum required share capital for the gambling license, Government sources told MEDIAFAX.

Romanian Govt Increases Most Gambling Taxes

14:48, 19 Iun. 2009
The Government will increase most of the taxes on gambling, but the levels are below the initial variant, and will increase the minimal value of share capital required for a gambling license, according to a draft emergency ordinance.

Romanian PM Confirms Lower Taxes For Appeals To Public Contracts

13:52, 18 Iun. 2009
Romanian Prime Minister Emil Boc confirmed that the Government has brought a new amendment to the public procurement law, at the request of the European Commission, adding the lack of this revision could have prompted the EU not to acknowledge Romanian legislation and EU fund auctions.

Romania Canceled, Grouped Or Cut 120 Parafiscal Taxes, Fees So Far – PM

16:45, 14 Iun. 2009
Romanian Prime Minister Emil Boc said Sunday that 102 parafiscal taxes and fees, of a total 491, were canceled, grouped or cut through emergency decrees, government decisions or orders of ministers, adding another 84 taxes will be canceled in its upcoming meeting.

Romanian Govt To Increase Taxes On Gambling, Almost Four Times For Casinos

15:43, 26 Mai 2009
The Romanian Government plans to significantly increase taxes on gambling, by up to four times in the case of casinos, and will make having a license and a minimum share capital mandatory, according to a draft emergency ordinance developed by the Finance Ministry and obtained by MEDIAFAX.

Romanian Fin Min: Govt Negotiated With IMF To Keep Flat Tax, VAT Unchanged

15:22, 14 Apr. 2009
The measures negotiated by the Romanian Government with the International Monetary Fund allowed the keeping of the main taxes at their current level, Finance Minister Gheorghe Pogea said Tuesday.

Romanian Tourism, Real Estate Firms To Be Taxed 0.5% Of Income Annually

12:06, 03 Apr. 2009
Romanian hotels, restaurants and real estate firms will pay 0.5% of their income annually to the state, as tax per profit, but will not pay less than 6,500 lei (EUR1=RON4.2198), ministry sources told MEDIAFAX Friday.