VAT
55 articole · RSS
Budgetary revenues up 7.5% in July in the wake of VAT hike announcement
The decision to raise VAT to 24% and the rising excises drove budgetary revenues up by 7.5% in July against the same month of last year, to 16bn RON, extending the upward tendency of receipt...
Top counties by VAT revenues
The budget collects most money from VAT in Bucharest, while Calarasi and Teleorman counties transfer the lowest amount of money, reveal first-half Finance Ministry data.
Prices driven up 2.6% by VAT hike in July
Prices climbed by 2.6% in July because of the VAT raise by five percent, with the annual inflation soaring to 7.1% from 4.4% in June, show data from the National Statistics Institute. Food b...
Romanian shops no longer give fiscal receipts to make food cheaper
Food sales have declined by 10% this month, following the VAT increase from 19% to 24%, according to producers, who expect the sales decline to become even steeper, of 15-20%.
Head of Competition Council to companies: Don't take advantage of the VAT hike!
Head of Competition Council to companies: Don't take advantage of the VAT hike!
Wine producers flee VAT hike and seek salvation in China and Hong Kong
Wine producers flee VAT hike and seek salvation in China and Hong Kong
IMF: Inflation could reach 7.9% this year, VAT hike impact on economic decline limited
The International Monetary Fund (IMF) maintains its 0.5% economic decline forecast for this year and does not expect the 25% cut in the budget-paid employees' salaries and the VAT raise oper...
VAT hike – how the main markets respond
Companies rushed to raise their prices on the markets with little competition, thus limiting chances of a rebound in consumer spending.
NBR is cautiously waiting again: interest rate remains at 6.25%
The National Bank yesterday maintained the monetary policy interest rate at 6.25% a year, breaking off the string of four consecutive cuts made since the beginning of the year, showing it pr...