VAT
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No flat tax and VAT changes
No flat tax and VAT changes
Businesspersons would take 19% flat tax over higher VAT
The Association of Businesspersons in Romania (AOAR) is in favour of an increase in the flat tax from 16% to 19%, because an increase in VAT would impact on both companies and consumers. "Th...
President Traian Basescu backs VAT increase as of 2006
President Traian Basescu backs VAT increase as of 2006
Government preparing to announce increase in standard VAT quota
The unavoidable is about to happen: as of January 1, 2006, the standard VAT quota will be upped from 19% to 22%, while the low VAT will increase from 9% to 11%, Finance Ministry sources told...
IMF proposes VAT and excise increases to reduce budget deficit
IMF proposes VAT and excise increases to reduce budget deficit
VAT repayment finally cleared up
The companies that have VAT to recover from the Finance Ministry have finally learned what is in store for them. The Ministry has completed the new VAT repayment procedure, based on a compli...
Lower VAT for drugs and social housing
Certain goods and services might see a lower VAT quota as of next year, Mihai Hura, deputy director general within the Finance Ministry yesterday said. "The low quota will almost certainly b...
No VAT for SAPARD imports
Imports of goods funded by non-repayable loans and used within SAPARD projects are VAT exempt, the SAPARD Agency announces. The imports of goods directly financed through non-repayable loans...
More money from VAT and customs duties
The state budget deficit went down 4.6% in April, while the deficit of the national single health insurance fund simply skyrocketed, becoming more than nine times higher. At the same time, t...