vat

Vaslui: Elevă de 16 ani, la spital după ce a înghiţit vată îmbibată cu energizant pentru a slăbi

O elevă în vârstă de 16 ani din judeţul Vaslui a ajuns în stare gravă la spital după ce a înghiţit mai multe bucăţi de vată îmbibată cu o băutură energizantă pentru a slăbi, fata spunându-le medicilor că ar fi auzit despre această metodă la televizor.

Romania To Return VAT Worth A Total RON1.61B In October

Romanian tax authority ANAF on Monday said it will return value added taxes worth a total 1.61 billion lei (EUR373.9 million) in October, including RON363 million in compensations.

Romania Ctrl Bk Head: Pension Cuts Preferable To VAT Rate Increase

Lowering pensions would have been a better fiscal measure than increasing the value added tax rate and Romania would have emerged from recession sooner, central bank governor Mugur Isarescu said Wednesday.

Romanian Govt Considers Reducing VAT On Construction Materials – Official

Romania's Government is considering reducing the VAT on construction materials, National Housing Agency (ANL) official Romeo Dragan said in a conference hosted by business daily Ziarul Financiar.

Romanian Lower House Committee Rejects Bills Reducing VAT On Basic Foods, Taxes On Low Pensions

The committee for budget and finances in the Romanian Chamber of Deputies on Tuesday rejected a bill reducing VAT on basic foods to 5%, as well as another making pensions lower than 2,000 lei (EUR1=RON4.1147) tax-exempt.

ING: Romania’s Follow-up Deal With IMF Endangered By VAT Cut

Romania’s follow-up agreement with the International Monetary Fund could be endangered by the lawmakers’ move to sustain a lower sales tax on basic food items, according to ING analysts.

Romanian Tax Auth To Check Journalists, Artists, Freelancers On VAT Payment

Romania’s tax authority ANAF has started checking individuals who gained income between 2006 and 2010 from independent activities, copyright and collaboration contracts above the cap allowing VAT exemptions.

VAT Cut Not An Option For Romania – Fin Min Off

Reducing the value added tax is not a good solution for Romania, as it will not lower prices, but it will have a negative effect on the predictability of the fiscal framework, Finance Ministry state secretary Dan Lazar said Thursday.

Romanian Opp Social Democrats Call On Govt To Cut VAT Back To 19%

The Romanian opposition Social Democratic Party is calling on the Government to urgently reduce the value added tax back to 19%, social democrat senator Olguta Vasilescu told a news conference Thursday.

Companies Established Outside Romania May Request 2009 VAT Refund By March 31, 2011

The deadline for the submission of VAT refund requests for 2009 by taxable companies, which are not established or registered for this purpose in Romania, has been extended to March 31 next year, from September 30 this year, through a Government Decision.

Romania PM Says 2011 State Budget Won’t Consider Tax-Lowering Bills

Romanian Prime Minister Emil Boc said Monday the 2011 state budget won’t consider the two recently adopted bills lowering VAT on food and exempting small pensions from income tax because they would significantly widen the deficit.

Romanian Ruling Party Lawmakers Say They Voted For Lower VAT On Food, Tax-Exempt Pensions By Mistake

Lawmakers of Romania’s ruling Democratic Liberal Party said Wednesday they voted in favor of two bills that lack government support by accident and will move to have them annulled.

Romanian Fiscal Auth To Refund VAT Worth RON934.19M In Oct

Romanian fiscal authority ANAF will refund VAT worth 934.19 million lei (EUR1=RON4.2798) in October, in three installments, the institution announced Wednesday.

Bucharest Council Adjusts Heating Price, After VAT Hike

Bucharest’s General Council approved Wednesday raising the price of heating in the city, in light of the VAT hike to 24%, from 19%.

Romania 8-Mo VAT Revenues Up 4.5% On Year After Tax Hike

Romanian budget revenues from the value added tax rose 4.5% on the year to 23.3 billion lei (EUR1=RON4.2648) in January to August, following a 5 percentage point increase in the VAT level enforced in July.

Registration Of New, EU-Bought Cars In Romania To Require Proof Of VAT Payment

Natural persons may no longer register cars originating in the EU without proof of VAT payment, in the case of new cars, or a certificate exempting them from VAT payment, in the case of used cars, says an order by Romania’s Interior Ministry and Finance Ministry.

Romania’s VAT Revenues Up 25% In First Month After VAT Hike – PM

Romania’s value added tax revenues were up 25% in the month following the increase of the VAT level to 24% from 19%, compared to the average VAT revenues registered in the months preceding the fiscal measure, Prime Minister Emil Boc said Wednesday during a Government meeting.

Romanian Senate’s Budget, Finance Committee Rejects VAT Hike To 24%

Romanian Senate’s budget and finance committee Monday debated on Government emergency ordinance 58/2010 amending the Fiscal Code and rejected with six to four votes the increase by 5 percentage points of the value added tax, from 19% to 24%.

Romania Ctrl Bank Sees CPI Up By 3% After VAT Increase

The Romanian Government’s recent move to raise the value added tax level by five percentage points will likely trigger a 3% increase in consumer prices, central bank governor Mugur Isarescu said Friday.

Romanian Govt To Increase Minimum Turnover Threshold For Mandatory VAT Payment

Romania’s Government will ask the Council of the EU for permission to increase the level of turnover or revenue after which the registration and payment of VAT becomes mandatory to EUR100,000, from EUR35,000 currently, according to a letter of intent to the stand-by agreement with the IMF.

IMF: Romania Needs No Monetary Policy Tightening After VAT Raise

Romania’s recent increase in the value added tax rate will have a temporary negative impact on inflation, which should dissipate in the second half of 2011, and the central bank doesn't have to raise the rates, the International Monetary Fund said Wednesday.

Romania To Reduce VAT If Feasible Alternative Measure Found, Taxing Pensions Not Enough – PM

Romanian Prime Minister Emil Boc said Sunday the value added tax can be reduced only if authorities find other means to cover the revenues brought to the state budget by the 5-percentage point VAT increase, adding taxing pensions is not enough.

Romanian Pensions Must Be Taxed, VAT Reduced – President

Romania’s President Traian Basescu said Saturday, during a visit to flood-hit areas in the northern part of the country, that the value added tax must be decreased to its previous level, adding pensions must be taxed.

Romania Ctrl Bk: VAT-Induced Inflation Has Corrective Role

The inflation derived from the recent increase in Romania’s value added tax level is not monetary and has a corrective role, central bank governor Mugur Isarescu said Thursday.

Romania’s Senate Chairman Asks Ombudsman To Challenge Constitutionality Of VAT Hike

Romanian Senate Chairman Mircea Geoana said Friday that he asked the Ombudsman to challenge the constitutionality of the emergency ordinance regulating the value added tax hike, says a press release issued Friday.

Romania’s VAT Hike To Boost Used Car Sales – autovit.ro

Romania’s decision to hike the value added tax (VAT) to 24%, from 19%, would determine many people interested in purchasing cars to choose the second-hand car market, where prices will not be altered, said website autovit.ro manager Attila Okany.

Romania’s Petrom Hikes Pump Prices By Up To RON0.22/Liter

Romania’s largest oil company OMV Petrom (SNP.RO) will raise Thursday its gasoline and diesel oil pump prices by 0.18-0.22 lei (EUR1=RON4.3688) per liter, following the value added tax increase to 24%.

Romania’s Rompetrol, Petrom Shuts Down Pump Stations Wed Night For VAT Change

The Romanian gas stations of oil companies Rompetrol and OMV Petrom will be shut down for one hour on Wednesday night, to operate the legislative changes on increasing the value added tax to 24%.

AmCham Romania Asks Authorities To Reconsider VAT Hike

The American Chamber of Commerce in Romania, or AmCham, recommends that local authorities reconsider their decision to hike the value added tax, according to a press release issued Wednesday.

Cigarette Prices In Romania Go Up By RON1/Pack On Avg As Of Thursday

Cigarette prices in Romania will rise by an average 1 leu (EUR1=RON4.3523) per pack as of Thursday, July 1, following the country’s decision to hike its sales tax and up guarantees for fiscal storage, JTI Romania corporate affairs manager Gilda Lazar told MEDIAFAX Wednesday.

Romania Dropped Intra-EU Trade VAT Lest It Should Endanger EU Loan Tranche – Fin Min

Romania quit plans to apply VAT on intra-EU trade, as the European Commission warned authorities the country might put on the line the new loan installment to be disbursed by the European Union in September, Finance Minister Sebastian Vladescu said Tuesday.

Romtelecom: VAT Increase To Also Reduce Consumption On Telecom Market

The upcoming increase in the value added tax in Romania will trigger a reduction in the consumption of goods and services, including on the telecom market, Yorgos Ioannidis, general manager of Romania’s hard-line telecom operator Romtelecom, told a news conference Monday.

VAT Hike To Be Directly Felt By Population – Romanian Central Bank

Increasing VAT in Romania will affect the rate of inflation, which could reach 10% in the next few months, as suppliers and distributors will transfer most of the tax directly to the end-price, said Lucian Croitoru, advisor to the governor of the National Bank of Romania.

VAT Hike Accepted By IMF, Will Add RON3.5-4B To Budget – Romanian Fin Min

Romanian Finance Minister Sebastian Vladescu said Saturday the VAT hike has already been agreed upon with the International Monetary Fund and is expected to provide 3.5-4 billion lei (EUR1=RON4.2808) to the state budget, allowing the country to meet the 6.8% of GDP budget deficit target.

Romanian Govt To Hike VAT To 24%, From 19% – Sources

Romania’s Government has decided to increase VAT from 19% to 24%, leaving the flat tax as it is, and will also ask the Parliament to hurry the application of the bills reducing public sector salaries and recalculating special pensions, people close to the matter told MEDIAFAX on Saturday.

Romania Scraps Proposed Anti-Tax Evasion Measures Under EU Infringement Threat

Romania’s Government has scrapped plans to apply VAT on intra-EU trade and reintroduce excises on luxury items after the European Commission warned the measures breach EU rules and threatened infringement.

Romania Maintained Current VAT Level To Avoid Inflation Rate Increase – Ctrl Bker

Romanian Adrian Vasilescu, an adviser to the central bank governor, said Sunday that a value added tax increase from 19% to 24% would have lead to a two-figure inflation rate, making it impossible for Romania to access foreign market loans, although the country depends on foreign capital.

Romanian Unions Push For Differentiated VAT In Talks With IMF

Romanian union leader Bogdan Hossu, head of national union federation Cartel Alfa, said Tuesday after a meeting with International Monetary Fund experts that Romanian unions think the country’s tax policy is inadequate and would prefer differentiated taxation, especially for VAT.

Romania Won’t Raise VAT Rate – Fin Min

Romania won't raise its value added tax and Finance Ministry officials are currently discussing with representatives of the International Monetary Fund on the enlargement of the taxation pool, Minister Sebastian Vladescu said Friday.

Romania Should Keep Flat Tax, VAT Unchanged – Fmr PM

Romania’s former prime minister Calin Tariceanu said Sunday on Pro TV the current Government would be very wrong to discard the flat tax or raise the VAT in its endeavor to fight the economic crisis.