tax
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Isarescu: Flat tax is showing effects
Isarescu: Flat tax is showing effects
Flat tax pushes insurance market toward 4-5bn euros
The introduction of the flat tax will take the insurance market toward 4-5bn euros in 2010, due to the higher volume of disposable income the population and companies will benefit from, esti...
Flat tax helps McDonald''s business
McDonald''s Romania restaurant chain last year derived net income worth 7 million RON (2 million euros), a value the company''s officials expect to double in 2006. The company saw turnover w...
Rumours of new tax send petroleum stocks diving
The shares of petroleum companies Petrom and Petromidia (Rompetrol Rafinare) fell on the Bucharest Stock Exchange yesterday after information surfaced about the possibility of an additional...
Isarescu: Vice tax could rekindle inflation
The introduction of the vice tax could create inflationary pressures, considering the significant share cigarettes have in the basket used to calculate consumption prices, the National Bank...
Flat tax doubles corporate profits
Romanian companies made 11.6 billion euros in taxable profits in 2005, twice more than in 2004. The increase was largely due to the introduction of the flat tax, which pushed companies to br...
Flat tax will not budge, Tariceanu says
Premier Calin Popescu Tariceanu yesterday announced he intended to maintain the flat tax as it is until the end of his term as the head of the Government. "I will maintain the flat tax both...
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...
Flat tax: lower taxes, same revenues
The consolidated budget revenues increased by more than 5% in 2005, thus attaining 99.4% of the revenue target set in the Budget Law. The flat tax showed in its first year of application tha...