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Articles - taxe si impozite

Paying taxes in Romania has become a lot easier, study shows

Romania jumped to the 52 position in the Paying Taxes 2015 report carried out by PwC and the World Bank, which measures the ease of paying taxes in 189 economies worldwide for an average sized company. In last year edition of the report, Romania was on 134.

Romania’s government backs 33 percent cut in construction tax

The government aims to cut the construction tax enforced this year from 1.5 percent to 1 percent, with collected funds to be distributed to local authorities, said Ioana Petrescu, the minister of finance.

Ponta: Special construction tax will be cut from 1.5 to 1 pct

The special construction tax will be cut from 1.5 to 1 percent of the construction’s value and collected revenues will be at the local authorities’ disposal, instead of heading into the budget, prime-minister Victor Ponta announced on Thursday.

Company buildings to be taxed according to market value

The government will conduct a radical change in the way that companies are taxed for their buildings, writes Mediafax. At the moment, companies are charged by the State according to the official value established by accounting documents. The state wants buildings to be taxed based on an outside evaluation report, similar to market value, which would then lead to building taxes increasing.

Business environment: CAS cut, positive impact on economy

The Coalition for the Development of Romania (CDR) welcomes the measure to reduce by 5 percent the taxes paid by employer for the social security contribution due to the public pensions system, in effect as of October 1, 2014.

Gov’t approves social insurance contributions cut by 5 pc

Romania to have second-lowest costs in region following this measure.

Government approves tax exemption for reinvested profit and vows to eliminate 70 taxes

The Government approved an emergency ordinance on Wednesday regarding the tax exempt for reinvested profit and eliminating over 70 taxes in the near future, prime-minister Victor Ponta announced.

The FIC warns members may redirect investments following Romania’s tax drive

The Foreign Investors’ Council (FIC), the business advocacy group, said on Monday the local fiscal instability has wider consequences for Romania as an investment destination, after the government announced plans to enforce new taxes next year.

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