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11:20, 22.09.2023

Repeal by Ordinance of predictability and stability obligations of Fiscal Code, an unacceptable deviation (Employers'confederation)

The repeal by Emergency Ordinance of the predictability and stability obligations of the Fiscal Code is an unacceptable deviation, says Radu Burnete, executive director of the Concordia Employers Confederation,…




16:25, 20.09.2023

Finance Ministry proposes tax measures be applied earlier than 6 months after publishing in extraordinary situations

Finance Ministry proposes tax measures be applied earlier than 6 months after publishing in extraordinary situationsThe Ministry of Finance proposes that certain tax measures aimed at introducing new taxes or increasing…




15:00, 15.09.2023

PM Ciolacu: Romania's tax legislation resembles a huge funnel

PM Ciolacu: Romania's tax legislation resembles a huge funnelPrime Minister Marcel Ciolacu says that Romania's fiscal legislation resembles "a huge funnel through which billions of euros flow unhindered." The statement…




10:50, 15.09.2023

Scheduled events for September 15

Scheduled events for September 15EXECUTIVE:- Prime Minister Ciolacu participates in the launch of the The Tax Institute and the presentation of the study "Modifications of the new Fiscal Code: Review and Impact…




16:36, 08.03.2023

Senate/Tarziu(AUR): Minister Caciu promised no increase in taxes, but the gov't did increase taxes

The leader of AUR parliamentary group, Senator Claudiu Tarziu, criticized the Minister of Finance, Adrian Caciu, on Wednesday, at the Government Question Time, accusing him of not keeping his promise not to increase…




13:06, 09.08.2022

VAT rates to increase from 2023, with implications in food, real estate sectors (consultants)

A series of legislative novelties in the field of VAT will enter into force from January 1, 2023 as a result of the amendment of the Fiscal Code by Government Ordinance 16/2022, the biggest impact to be in the…




00:20, 28.07.2022

AUR requests that Ombudsman notify CCR on ordinance for amending Fiscal Code

The Alliance for the Union of Romanians (AUR) requested that the Ombudsman refer the Constitutional Court of Romania (CCR) about the unconstitutionality of Government Ordinance no. 16/2022 on the amendment of the…




08:56, 13.07.2022

Kelemen Hunor argues for higher taxation of 'luck' as part of several amendments to new Fiscal Code

Deputy Prime Minister Kelemen Hunor, leader of the Hungarian Democratic Union of Romania (UDMR), said on Tuesday evening that there will be several changes in the future Fiscal Code, but these are discussed with…




21:46, 11.07.2022

Prime Minister Nicolae Ciuca has meetings with associative milieu; recommendations made to improve planned amendments to Fiscal Code

Prime Minister Nicolae Ciuca had, on Monday, at Victoria Palace, several rounds of consultations with representatives of the associative milieu regarding the amendment to the Fiscal Code initiated by a normative…




19:45, 05.07.2022

Iohannis: Modernization of entire Fiscal Code framework is required

President Klaus Iohannis declared on Tuesday that he discussed with Prime Minister Nicolae Ciuca and the Ministers about amendments to the Fiscal Code, showing that a modernization of the entire framework is required.…




10:00, 05.07.2022

Minimum gross wage calculation basis for social contributions including for lower incomes - proposal

The Ministry of Finance proposes the introduction of the minimum gross wage per economy guaranteed in payment as a calculation basis for the social insurance contribution and the social health insurance contribution,…




15:10, 18.05.2022

Speaker Ciolacu: It's necessary to amend Fiscal Code

The Speaker of the Chamber of Deputies, Social Democrat leader Marcel Ciolacu, stated on Wednesday that it is necessary to amend the Fiscal Code, the Finance Minister being expected to come in a maximum of two…




12:06, 16.05.2022

PSD's Ciolacu: There are several fiscal measures we will have to take and present by June 1

Chairman of the Social Democratic Party (PSD) Marcel Ciolacu said on Monday that more fiscal measures should be taken by June 1 so that next year's state budget can be built based on them given that the amendment…




12:30, 11.02.2022

Noul Cod Fiscal pregătește alte taxe

Impozite mai mari pentru românii cu mai multe de două locuințe sau două mașini. Și bacșișul lăsat la restaurant ar urma să fie impozitat Fiscal Codul Fiscal va fi modificat până la vară, când vor fi consultări,…




15:25, 02.02.2022

Senate amends Fiscal Code, differentiated tax on income earned by transfer of securities

The plenum of the Senate has adopted, on Wednesday, a legislative proposal regarding the amendment of the Fiscal Code, which stipulates that the taxation of income earned from the transfer of securities will be…




21:05, 16.12.2021

USR demands that Gov't not amend Tax Code 'overnight' for new taxes in 2022

Save Romania Union (USR) urges ruling coalition parties not to change the Fiscal Code "overnight" and to keep their promise of not introducing new taxes, but also the commitment assumed through the National Recovery…




18:05, 20.09.2021

BNS's Costin: Increase in minimum salary by 8pct is insignificant compared to energy prices increase

The head of government's proposal to increase the minimum gross salary by 8% would have an insignificant impact on the net income of an employee paid with the minimum wage, compared to the increase in the energy…




14:15, 15.12.2020

CCR: Law on new system of taxation of service pensions ruled as unconstitutional (sources)

The Constitutional Court ruled on Tuesday that the Law on the new system of taxation of service pensions, which provides for the taxation of 85% of pensions exceeding the amount of 7,000 lei, is unconstitutional,…




17:12, 26.05.2020

President promulgates law on tax exemption of buildings where family medicine offices operate

President Klaus Iohannis on Tuesday has promulgated the Law for the amendment of Art. 456 para (1) letter h) of Law 227/2015 on the Fiscal Code according to which the buildings in which the family medicine offices…




14:32, 30.04.2020

Local taxes and dues in Bucharest, increased by 3.8 pct next year, according to inflation

Local taxes and dues will increase by 3.8 pct in 2021, in accordance with the inflation, according to a draft decision adopted in the Thursday meeting of the Bucharest General Council, with 33 votes for, 3 against,…




13:47, 04.12.2019

Extra fuel excise and the over-taxation of part-time employment contracts, eliminated by Chamber of Deputies

The extra fuel excise and the over-taxation of part-time employment contracts will be eliminated starting with January 1, 2020, according to a bill for the amendment of the Fiscal Code, adopted on Wednesday by…




17:26, 14.08.2019

Ministry approves important changes to Fiscal Code, Code of Fiscal Procedure

The Ministry of Public Finance (MFP) has approved a set of important changes in the Fiscal Code and the Code of Fiscal Procedure after consultations with business leaders that lasted more than a year, says Finance…




11:18, 04.09.2015

Dilapidated building tax may ruin landlords

A house left in ruins could ruin its owner from now on. Under the new Fiscal Code, those failing to provide adequate property maintenance will pay taxes up to five times higher.In many cases, we are dealing with...




09:33, 05.08.2015

One tax cut a day keeps the IMF at bay

The International Monetary Fund warns that, once adopted, the new Fiscal Code might jeopardize the financial stability Romania has worked hard to achieve. The IMF claims that the proposed tax cuts are much too…




09:15, 31.10.2014

Imminent danger in 2015: major increase in taxes

The business environment fears a new tax increase wave will follow in 2015. Introducing the progressive tax policy, rising the excise duties and fees or bringing back the lump sum tax are among the scenarios taken…