The VAT will hike starting July 1, the emergency ordinance to change the Fiscal Code was published
The government decided to raise the VAT after a meeting on Saturday.The emergency ordinance also foresees taxing food and gift tickets, compensatory payments and interests from deposits and current accounts.According to the new regulations, a 25 percent tax will be applied for gambling gains...
The VAT could increase to 24%, people from the government say
“As pensions can no longer be cut by 15 percent following CCR's decision and the recalculation will only include nine or ten thousands of pensions, the government has to come up with another way to get about 1 billion euros,” said the same sources,...
Romania’s finance minister assures the VAT will not increase
He also mentioned the projection on the gross domestic product (GDP) advance for the end of the year still stands at 0.8 percent.IMF expects Romania to record the best economic performance in Europe next year, with a 5.1 percent advance of the GDP, although...
Deloitte expects VAT to rise
“I believe VAT will increase because this is a quick solution and because nobody will touch the flat tax. It is like winning a fort at the political level. We must also consider what is happening around us. Many European countries are opting...
7,000 Romanians due to pay VAT on real estate transactions
The total value of real estate transactions for which VAT has not been paid, and which are in the sights of the National Fiscal Administration Agency (ANAF), is RON 14.8 billion (€3.5 bln). ANAF has issued only five summonses to date, and another...
VAT could rise to 21% as of next year
Budget revenues would rise by 0.2 percent of gross domestic product (GDP) for every point of VAT increase, according to calculations by the Ministry of Public Finance for the 2010 budget. Thus, raising VAT to 21 percent would generate higher revenues by some €0.5...