tax
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Why do bankers tax the same loan application review work differently?
While the number of fees bankers can levy has been capped, it's still up to them to decide on the calculation method and value. Will competition have its say?
It’s all set: 16% tax on luncheon vouchers and interests as of July 1
The 16% tax on interest rates, luncheon vouchers and transactions in shares or the mandatory payment of social security contributions for those working as freelancers have become a certainty...
Government preparing tax for banks
The Government is preparing a local version of the additional tax for banks considered across Europe, with talks (which will also include the NBR) scheduled for next week. Bankers say they k...
Finance Ministry announces 16% tax on interests and luncheon vouchers as of July 1
Almost 600 million RON (142 million euros).
Boc: Tax hikes would have been a disaster
Prime Minister Emil Boc last evening painted a bleak picture of a Romania that had hiked taxes instead of cutting public spending by around two billion euros by the end of the year.
Authorities to decide on tax hikes
The impending tax raise intended to patch the budget spurred a whirlwind of meetings at the Finance Ministry, the NBR and the Cotroceni Palace (President’s HQ) yesterday, to discuss the so...
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...
Companies may pay both profit and minimum tax
Total taxes owed by companies may reach as much as 30% of the gross profit, almost double the 16% quota if their financial situation fluctuated from one quarter to another last year so that...
We don't want any more changes to the fiscal legislation, executives say
Financial managers and executives say the predictability and stability of the fiscal legislation are even more important than tax cuts.