Progressive income taxation, standard VAT rate on several products, among IMF recommendations International Monetary Fund experts recommend to the Bucharest authorities the possible... 01/02/2024
New transparency rules to combat fraud in trans-border payments come into force New transparency rules have come into force from 1 January 2024 to help EU Member States fight... 03/01/2024
PM Ciolacu tells Brussels he does not agree with VAT rate rise past 19 pct Prime Minister Marcel Ciolacu declared on Friday that at his meetings in Brussels with European... 01/09/2023
Iohannis: No risk to enter austerity scenario, solution lies in increasing degree of collection President Klaus Iohannis believes that there is no risk of Romania entering an austerity... 01/09/2023
Any increase in VAT level for books leads to risk of insolvencies and bankruptcies in the sector Any increase in the VAT level for books, given that Romania is the smallest book market per... 23/08/2023
Culture Minister Turcan: I don't think we will have an increased VAT on books The Minister of Culture, Raluca Turcan, on Wednesday told a press conference in Iasi City that... 09/08/2023
PM Ciolacu: EC asked for a decision on VAT rates, we agreed on 9pct VAT on food, medicines, prostheses PM Ciolacu: EC asked for a decision on VAT rates, we agreed on 9pct VAT on food, medicines,... 21/07/2023
VAT, supported from budget for projects aimed at development of smart gas distribution networks The value added tax will be borne from the state budget for all beneficiaries of the Large... 06/04/2022
Turkish constructor association to build structure of 1 Mai - Tokyo Metro Line 6 first segment Metrorex signed the 1.2 billion lei, VAT excluded, contract for the design and execution of the... 08/03/2022
Citu: Slashing CAS, VAT would help economy; I guarantee money will reach Romanians' pockets PNL (National Liberal Party) leader Florin Citu on Tuesday stated that he guarantees "one... 22/02/2022
USR files draft on VAT cut from 19 to 5pct on gasoline, diesel and LPG The opposition Save Romania Union (USR) on Monday filed a draft law on reducing fuel prices by... 21/02/2022
Citu: I've offered solutions as an economist; whoever ignores 2008 will be responsible for a major crisis National chairman of the National Liberal Party (PNL) Florin Citu said on Monday that he had... 14/02/2022
PNL's Citu: Reducing CAS from 25% to 20% - solution to raise salaries of all Romanians The chairman of the National Liberal Party (PNL), Florin Citu, states that the reduction of the... 13/02/2022
Citu: VAT decrease for gas, energy not supported as demand is inelastic, price won't drop The decrease of the VAT for gas and energy was not supported as demand is "inelastic", which... 19/01/2022
Competition Council contemplates overcharging energy suppliers, directing money to vulnerable consumers The Competition Council has the high electricity and gas prices under scrutiny to see whether... 14/01/2022
USR's Ciolos argues reduced VAT, no green certificate payment on energy bills, proposed since autumn Chairman of the Save Romania Union (USR) Dacian Ciolos said on Wednesday that measures are... 13/01/2022
PNL's Citu: Reduction in VAT on energy and gas from February 1, PSD electoral post Chairman of the National Liberal party (PNL) Florin Citu considers that the proposal of the... 12/01/2022
More than 40 M lei damage caused to Romanian state by Bulgarian companies not paying their VAT A damage of 40.694 million lei, representing the total amount that 14 Bulgarian companies should... 04/01/2022
President promulgates law on cutting down VAT quota to 5pct in trading electronic books On Friday, President Klaus Iohannis promulgated the law that provides for the cut of the VAT... 10/12/2021
Ciolacu: We try to have budget by year's end; we come with VAT reduction for gigacalorie in winter Social Democratic Party (PSD) Chairman Marcel Ciolacu said on Monday that the ruling coalition... 07/12/2021
GEO No. 118/2021, modified; higher subsidies for household consumers to cover energy bills The Senate adopted on Monday, in plenary sitting, with modifications, Government Emergency... 18/10/2021
British American Tobacco pays by 18% more taxes and duties to state budget during H1 2021 The British American Tobacco (BAT) Company contributed to Romania's state budget with almost 5... 16/08/2021
Gov't approves establishment of Centre for Patients with Severe Burns at Targu Mures County Hospital The Government approved, by a decision, the technical-economic indicators for the construction... 28/07/2021
Shell oil company becomes operational on Romanian market Shell, one of the largest oil companies globally, is operating at full force on the Romanian... 04/05/2021
BNR to launch coins dedicated to 1821 Revolution led by Tudor Vladimirescu, for numismatic purposes On April 16 2021, the National Bank of Romania (BNR) will put into circulation, for numismatic... 07/04/2021
JTI Romania's state budget contribution at almost 1 bln euros in 2020 Cigarette manufacturer JTI paid last year to the Romanian state budget over 4.77 billion lei... 03/02/2021
Both special pensions scrapping and VAT cut to get PSD's vote in Parliament The Social Democratic Party (PSD) will vote in Parliament in favor of both the bill that scraps... 09/01/2020
First contract for acquisition of wheeled transport platforms for Army, signed by MApN The Ministry of National Defence (MApN) announced on Wednesday that a first contract was signed... 08/01/2020
PM Orban: We have highest VAT evasion, lowest VAT collection rate in EU Prime Minister Ludovic Orban said on Wednesday that Romania has the highest VAT evasion and the... 19/12/2019
PLUS leader Ciolos: PSD plays dirty in Parliament;early elections-only solution to avoid country's destruction Chairman of the Liberty, Unity, Solidarity Party (PLUS) Dacian Ciolos reiterated on Wednesday... 18/12/2019
Iohannis: At the moment, Romania's budget doesn't allow VAT reduction President Klaus Iohannis on Tuesday said that the VAT reduction doesn't seem an opportune... 17/12/2019
New orders in the processing industry up 13 per cent in October against September Overall new orders in the processing industry (domestic and foreign markets) increased by 13 per... 12/12/2019
Romania's industrial turnover advances 5.7%, Jan.-Sept., 2019 Romania's industrial turnover increased in the first nine months of 2019 by 5.7%, as against the... 12/11/2019
PSD's Teodorovici: PSD's objective by 2020 of increasing salaries by 100 lei could be achieved by decreasing contributions Social Democratic Party (PSD) executive chair Eugen Teodorovici stated on Friday in Timisoara... 25/10/2019
BNR mints coins to celebrate Completion of the Greater Union - Queen Marie The National Bank of Romania (BNR) will put into circulation, for numismatic purposes, gold and... 21/10/2019
Postponing new income increases, waiving new tax cuts, recommendations of Fiscal Council president The President of the Fiscal Council, Daniel Daianu, recommends postponing new increases of... 17/09/2019
ANRE intends to buy interactive tablet and related software amounting to 28,000 euro The National Energy Regulatory Authority (ANRE) intends to purchase a 42-inch interactive tablet... 04/09/2019
Under revision bill, gov't revenues to increase by 2.25 billion lei, expenses by 285.7 million lei In its latest budget revision bill, the Ministry of Public Finance (MFP) projects an increase by... 06/08/2019
CNAIR: Three bids submitted for the feasibility study, technical project of Brasov-Bacau Motorway National Company for Road Infrastructure Administration (CNAIR) received three bids for the... 02/08/2019
FinMin Teodorovici announces Gov't decision to cut VAT on traditional products to 5 pct The government has decided to reduce the VAT on traditional products to 5 percent, Finance... 14/05/2019
Start-Up Nation 2018: Business plans online registration platform to open in second half of December The government will adopt at this week's sitting the Ordinance on the Start-Up Nation Program,... 04/12/2018
FinMIN Eugen Teodorovici: European Comission to support Romania in combating VAT fraud he European Commission will support Romania in combating VAT fraud, given that the country has a... 02/10/2018
Over 6 bln euro losses from uncollected VAT in Romania, solution is modern collection IT technologies (PwC) The collection deficit of the value-added tax (VAT) grew in 2016 against 2015 in Romania, and... 24/09/2018
'Digital Bucharest', a 5-year program, with a budget of over 34 million Euro The general councilors of Bucharest approved on Thursday the implementation of the multi-annual... 23/08/2018
Budget revenues up 13.5 per cent to rd 112.8 bln lei in 1st half of 2018 The money collected to the state budget by the National Agency for Tax Administration (ANAF) saw... 20/07/2018
Ruling programme: Population to pay 10 taxes, companies maximum 40, from 2019, VAT to drop The number of taxes, rates and commissions with general application in Romania will be no higher... 26/01/2018
FinMin Misa: Split VAT will be optional for all business operators, less insolvent ones The application of the split Value-Added Tax (VAT) payment mechanism will be optional for all... 23/10/2017
European Commission: Romania reports largest 2015 VAT gap EU countries lost an estimated total of 152 billion euros in Value-Added Tax (VAT) revenues in... 28/09/2017
Basescu: National Tax Administration Agency ANAF wants to be fair it must publish also state's debts Former president Traian Basescu says, in a posting on his Facebook page, that if the National... 15/05/2016