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Articles - tax

Multinational groups in Romania to be impacted by changes in controlled foreign corporation legislation, says EY

Following the adoption of a new Directive that aims to block the avoidance of taxes inside the European Union, on July 12, multinational groups which are also present in Romania might have to redesign their holdings’ chain, according to professional services firm EY.

Darian DRS opens new office in Cluj-Napoca, adds 8 new partners

Darian DRS Tax, a tax consultancy company part of the Darian DRS group, expanded in Cluj-Napoca this year, opening its second tax office after the one in Bucharest.

Individual real estate developers in Romania to be taxed as PFA for their revenues from transactions

Real estate developers which are individuals will be taxed with 16 pct, as the independent activities, apart from 2 pct or 3 pct on the sale price, according to the modification proposals of the Fiscal Code, debated by the Ministry of Finance.

Finance Minister: Romania can be the investors’ new darling

Romania’s Finance Minister Anca Dragu believes that Romania can become one of the foreign investors’ favorite destinations in Eastern Europe, as the political changes in Poland have eroded the investors’ confidence in this country, until recently the region’s top performer.

EY Romania: The most important fiscal challenges of 2016 for the companies

The most important fiscal challenges of 2016 for the companies of Romania are connected to the tax checks, local taxes - building taxes in particular, where significant changes have occurred from the very beginning of this year, and to the international regulations, says Alexander Milcev, partner and director of the Tax and Legal Assistance Department of EY Romania.

Romanians who buy buildings and land plots this year, pay the taxes next year

The local taxes for buildings, land plots, and cars that are purchased this year will be paid by the new owners only in 2017.

Romania’s tax-to-GDP ratio lowest in the EU, says Eurostat

Standing at 27.7 percent, Romania’s tax-to-GD ratio in 2014 was the lowest in the EU bloc, surpassed by Bulgaria (27.8 percent), Lithuania (28.0 percent) and Latvia (29.2 percent), show data from Eurostat, the statistical office of the European Union.

Romania ranks 55th out of 189 countries for ease of paying taxes, says PwC

Romania has ranked 55th in PwC’s ‘Paying Taxes 2016’ global ranking, which measures the ease of paying taxes for a standard company across 189 economies all over the world, the company announced today.

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