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17:01, 27.11.2023

USR's Drula: PNL and PSD, stop your attacks on Pillar II pensions

USR's Drula: PNL and PSD, stop your attacks on Pillar II pensionsNational leader of the Save Romania Union (USR) Catalin Drula on Monday asked the National Liberal Party (PNL) and the Social Democratic Party (PSD)…




20:35, 21.09.2023

Foreign Investors Council: New fiscal measures package puts investments under question mark

Foreign Investors Council: New fiscal measures package puts investments under question markThe Foreign Investors Council (FIC) has warned on the recent proposals for tax changes, which not only substantially change…




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…




14:05, 23.06.2023

PM Ciolacu says certain fiscal exceptions should be removed; Romania should return to an equal competitive climate

PM Ciolacu says certain fiscal exceptions should be removed; Romania should return to an equal competitive climate. Prime Minister Marcel Ciolacu said he is convinced that certain exceptions to the Tax Code would…




15:50, 14.03.2023

Chamber: Indirect VAT exemptions for NGOs building or rehabilitating hospitals

The Chamber of Deputies adopted on Tuesday a bill according to which indirect VAT exemptions will be granted to non-profit organisations that carry out activities of construction, modernisation, rehabilitation…




16:00, 19.10.2022

Chamber passes amendments to pillar II, III, occupational pensions in Tax Code

The Chamber of Deputies on Wednesday passed, 254 to six abstentions, an amendment to the Tax Code to exempt from taxation not only the contributions to the pillar II pensions, but also the earnings on them, told…




17:31, 04.08.2022

Force of the Right party seeks constitutional challenge by Ombudsman to ordinance amending Tax Code

The Force of the Right party on Thursday applied to the Ombudsman, seeking a constitutional challenge to the Government's Ordinance No. 16/2022 amending and complementing Law No. 227/2015 on the Tax Code, repealing…




21:35, 13.07.2022

Gov't publishes new draft amendments to Tax Code

The Ministry of Finance published on Wednesday new draft amendments to the Tax Code, with the main additions regarding new deadlines for specific taxation and changes in the income tax system of micro-enterprises.…




21:20, 27.01.2022

Gov't passes excise duty regulations with positive impact on SMEs

The government has approved several measures in the area of excise duties with a positive impact on SMEs, including exempting from excise duty up to 50 litres per year of fruit ethanol if the ethanol is made and…




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…




12:25, 10.12.2021

President promulgates law on cutting down VAT quota to 5pct in trading electronic books

On Friday, President Klaus Iohannis promulgated the law that provides for the cut of the VAT rate down to 5% when selling books in electronic format, agerpres reports. The normative act amends Article 291 (3) letter…




12:06, 24.08.2021

PM Citu: I'm interested in keeping same tax system until 2024 the least

Prime Minister Florin Citu on Tuesday said, at a discussion with representatives of the Coalition for the Development of Romania, that he wants the tax system to remain the same at least until 2024, without tax…




15:01, 24.06.2020

Facilities for payment of building tax, extended until end of fiscal year 2020

The Chamber of Deputies adopted on Wednesday, with 292 votes in favour and one against, the Government Emergency Ordinance (OUG) 69/2020 for the amendment of the Tax Code, extending the facilities to pay the annual…




16:19, 18.06.2020

Parliament passes bill on taxing lawmaker pensions in excess of 7,001 lei by 85% of excess

Voting on the provisions of a law supplementing Law 227/2015 regarding the Tax Code in relation with allowances for the age limit provided by Law 96/2006 on the statutes of the lawmakers at a joint plenary session…




14:44, 02.01.2020

Romanian Police confiscates 48 tonnes of bulk tobacco and 55 million smuggled cigarettes in 2019

In the first eleven months of 2019, the policemen confiscated over 55,700,000 cigarettes and 48,614 kg of bulk tobacco (the equivalent of 69,448,572 cigarettes), following the actions conducted nationwide to prevent…




13:43, 20.06.2018

Water supply and sewerage services, to benefit from reduced 9 percent VAT rate

The Chamber of Deputies, decision-making forum in this case, decided on Wednesday that the water supply and sewerage services benefit from a 9 percent reduced VAT rate, unanimously adopting a draft law on this…




21:02, 22.03.2018

FinMin Teodorovici announces plans to issue Tax Code amendment Emergency Ordinance next week

Finance Minister Eugen Teodorovici announced plans to introduce an emergency ordinance to amend the Tax Code, given that OUG 79/2017 that also deals with the Tax Code is still under Parliament debate. "Debates…




15:29, 05.12.2017

Senate: Ordinance for Tax Code amendment, adopted

The Senate, as first Chamber to have been notified, adopted on Monday with 71 votes "in favour" and 37 "against", the draft act for the approval of OUG 79/2017 regarding the modification of the Tax Code, with amendments. …




15:55, 23.11.2017

Ombudsman on constitutional challenge of Tax Code: We also need economic, financial information

Ombudsman Victor Ciorbea has said that in order to better understand the effects of the amendment to the Tax Code, economic and financial information is also needed, in addition to those provided by petitioners. …




15:39, 13.11.2017

PNL demands Ombudsman to ask Constitutional Court's opinion on Tax Code amendments

The liberals have submitted on Monday a notification to the Ombudsman to ask for the opinion of the Constitutional Court of Romania regarding the exception of unconstitutionality of the OUG (Emergency Ordinance…




13:41, 13.11.2017

CommMin Sova: Ministry, not consulted on Tax Code; provisions would generate loss in tax-exempt IT sector

The Ministry of Communications has not been asked for an opinion on the amendments to the Tax Code, and for the tax-exempt IT sector they would generate a loss of 4 percent, Minister of Communications and Information…




09:40, 13.11.2017

Protest in Bucharest against new tax measures, justice legislation bill

A protest rally organised on Sunday in Bucharest and attended by more than a thousand people ended around 22:00hrs, after the demonstrators moved from Victoriei Square to the headquarters of the Social Democratic…




15:53, 12.11.2017

PSD's Dragnea announces modifications to Tax Code, to grant benefits to IT employees

Chamber of Deputies Speaker and Social Democratic Party (PSD) leader Liviu Dragnea on Sunday announces a series of modifications to the Tax Code, in the sense of granting some benefits to the employees in the IT…




20:52, 10.11.2017

UK Ambassador Brummel says it's important that measures taken in fiscal area be clear

Ambassador of the UK to Romania Paul Brummell stated on Friday in Constanta that, in his view, the measures adopted in the fiscal area should be very clear and the economic climate should be predictable. In the…




18:53, 08.11.2017

Gov't passes amendments to Tax Code, including taxes on SMEs, income tax, social security contributions

The Government on Wednesday passed a series of measures regarding the tax on SMEs, income tax and social security contributions by amending the Tax Code.It says in a press statement that in the area of corporate…




16:55, 08.11.2017

FinMin Misa: The essence of amendments aims at rules against tax avoidance practices of multinational companies

The essence of the ordinance amending the Tax Code is represented by the transposition of the European Directive No. 2016/1164 on laying down rules against tax avoidance practices of the multinational companies,"…




16:55, 08.11.2017

FinMin Misa: Under new amendments, tax authorities will be able to refuse VAT deduction

The amendments to the Tax Code have special provisions for the instances in which the tax authorities may refuse to grant Valued Added Tax (VAT) deductions in order to avoid possible abuses from them, Finance Minister…




16:22, 08.11.2017

PNL's Orban: I will suggest PNL Executive Political Bureau party should table censure motion

National leader of the National Liberal Party (PNL) Ludovic Orban said on Wednesday that he will suggest to the PNL Executive Political Bureau that the party should table a censure motion against the Mihai Tudose…




16:14, 08.11.2017

FinMin Misa: Amending the Tax Code will reduce contributions from nine to three

The amendments to the Tax Code are also designed to reduce the number of social security contributions from the nine to the three, namely the pension contributions (CAS) the healthcare contributions (CASS) and…




16:14, 08.11.2017

Hundreds of people protested in the Victoriei Square against tax changes

A few hundred people attended a protest before the Government House on Wednesday at noon, voicing their dissatisfaction with amendments to the Tax Code.  The maximum was reached around 13:30hrs, after which most…