VAT
55 articole · RSS
Foreign investors: We are disappointed by the Government's decision
The VAT hike will discourage investments, making Romania one of the countries with the highest VATs in the EU, so the Government should adopt measures to encourage investments in order to co...
ING Asigurari: We'll cover VAT increase from profit, there will be no tariff hikes
ING Asigurari, the biggest life insurer, has budgeted profit half the 2009 level for this year, with the VAT increase starting July 1 as one of the reasons for the reduction.
Romania now levying one of the highest VATs in Europe
The VAT increase from 19% to 24% makes Romania one of the European countries with the highest VAT rates, behind Sweden, Denmark, Norway, Hungary, and Iceland, but ahead of other northern cou...
Reduced VAT rates of 9% and 5% remain unmodified
The reduced VAT rates of 9% and 5% have remained unmodified, with the Government only deciding a five per cent rise of the standard 19% value added tax rate.
How much will the best-selling car brands cost after July 1?
Revenues from car servicing will drop by between 5 and 10% in the wake of the Government's decision to raise VAT to 24%, according to car dealers' estimates, while sales of new cars will be...
Businesspeople: The VAT increase is a nonsense leading to a "save yourselves if you can" situation
Businesspeople believe the government's decision to increase VAT by five percentage points to 24% has come at a time when things had started to budge in the Romanian economy, and that the mo...
VAT hike to deepen economic decline
Inflation will go up to 7% or even 8% after the VAT hike, the economy will shrink more than previously anticipated, but the RON stands chances of avoiding a significant depreciation if the a...
VAT and flat tax still in danger. Romania must reactivate privatisation programme
Romania could remain in recession this year and will not be able to avoid tax hikes unless the public sector employee wages and pension cuts decided by the government pay off over the coming...
IMF talks breed VAT and flat tax hike
The maelstrom of the much denied tax hike scenarios swirled into a dramatic alternative for the businesses in Romania and for the average people: the VAT will go up from 19% to 24 or 25% and...