taxes

Romania’s Fin Min To Annul 71 Fiscal, Parafiscal Taxes

Romania’s Finance Ministry plans to reduce the number of fiscal and parafiscal taxes by 71, in order to lower the administrative burden that affects businesses, minister Gheorghe Pogea said Thursday.

Romania Not To Change Main Taxes In 2009 – Fin Min

The Romanian Finance Ministry plans no changes in the main taxes, namely the flat tax, the value added tax or social security contributions for 2009, finance minister Gheorghe Pogea said Thursday.

Romanians Register Cars In Bulgaria To Avoid Tax – Environment Min

Romanian and Bulgarian ministries of interior are looking for a "catch" that could prevent Romanians from registering their cars in the name of Bulgarian nationals to avoid paying car taxes, Romanian Environment Minister Nicolae Nemirschi said Wednesday.

Romania Won’t Need To Raise Taxes Following IMF Agreement – IMF Official

Romania’s representative with the International Monetary Fund, Mihai Tanasescu, said Wednesday that Romania won’t need to raise taxes following an agreement with the IMF, according to the Fund’s analysis so far.

Romanian Cos To Pay Lower Taxes For Devalued Properties In ’09

Romanian companies can pay a lower tax on buildings this year, if they reevaluate their properties, since the market value of said properties decreased, reaching the lowest level in the past two years, according to representatives of real estate company MediaCity.

No Of Para-Fiscal Taxes Should Be Cut By 30%-35% – Romanian Fin Min

Romanian Finance Minister Gheorghe Pogea said Friday that para-fiscal taxes and fees should be reduced by 30-35% as they are "most of the times” in excess and hinder performances.

Romania To Apply Updated Calculation Method For Building, Land Taxes In ‘10

The updated calculation method for taxes on buildings and lands, which translates into a hike depending on inflation or the market value, will be applicable only as of January 1, 2010, said fiscal policies and local budgets manager within Romania’s Interior Ministry, Daniel Marinescu.

Romania Estimates To Collect RON13.44B In Tax Per Pft This Year

Romania estimates to collect 13.445 billion lei (EUR1=RON4.2775) this year from the tax per profit, up 3.19% compared to 2008, and banks will contribute RON750 million, 6.95% more than last year.

Romania May Need To Raise Taxes, To Boost Econ – Ctrl Bker

Romania's future Government will have to increase taxes to finance the measures to stimulate the economy, considering the expenses already undertaken for 2009, a central bank’s governor advisor said Friday.

Romanian Analysts: Higher Taxes Required To Cope With Electoral Promises

Romania's future government will be forced to increase taxes to ensure the budget revenues needed to apply the recent promises, especially the ones regarding wage hikes, Romanian economic analysts said in a press conference Monday.

Romanian Cos Delay Paying Taxes On Liquidity Shortage – Fin Min

Companies in Romania have liquidity problems, as banks cut their credit lines, and postponed paying their taxes, causing losses of 1.5 billion lei (EUR1=RON3.6838) to the state budget, Economy and Finance Minister Varujan Vosganian said Tuesday.

About 90% Of Romanian Taxpayers Pay Dues On Time – Fiscal Agency

About 90% of taxpayers in Romania pay their dues on time, compared to just 66% in 2005, Daniel Chitoiu, head of the Romanian fiscal authority ANAF, said Thursday.

Tax On Revs From Stock Exchange Invests Might Be Eliminated In ’09 – Fin Min

Romania’s Economy and Finance Minister Varujan Vosganian said Wednesday that the taxes on revenues resulted from stock exchange investments would be eliminated in 2009.

Romania Has 540 Additional Taxes – SMEs

The number of additional taxes collected in Romania reaches 540, some five times more than the number indicated by the Ministry of Economy and Finance, but one third of these taxes can be eliminated because they are not justified, said the representatives of the Council for private SMEs.

Romanian Producers, Retailers Sign Good Practices Guide

Romanian producers and retailers signed Wednesday the Guide of Good Practices regulating trade with agri-food products, which will come into force once it receives approval from the Competition Council.

Romanians To Pay Taxes Online Starting Oct 1, ’08

Romanian individuals will be able to pay online, starting October 1, the taxes on income obtained from activities in commerce, agriculture, liberal professions, the transfer of real estate property or salaries. The transactions will be performed through bank cards.

Romania, Among The First In Tax Classification

Romania ranks fourth worldwide and first in the European Union by the number of taxes a company must pay during one year alone, namely, double the taxes paid by companies in other European states, such as Poland or Slovakia, audit and consultancy company PricewaterhouseCoopers (PwC) said.

Cos To Pay Taxes Online As Of Next Year

Companies will be able to pay some taxes online as of next year, and the fiscal agency ANAF is to implement the measure by June 30, 2008, agency president Daniel Chitoiu said Thursday.