taxation

Public investments in Romania are at record levels, but the impact on economic growth is extremely low, warned Raiffeisen Bank chief economist Ionuț Dumitru on Tuesday, adding that Romania’s fiscal multipliers are also very weak, in the sense...

Authorities have borrowed EUR 3 billion from foreign markets yesterday to finance the current year’s deficit. Much: both for one day and in general. A thing that should make us think about how revenues are made in our...

Businesses in Romania face the 18th world’s highest complexity of the accounting and tax systems. The complexity level of tax and accounting requirements in Romania went up 36 positions in one year in 2018 Financial Complexity Index, according...

European authorities are taking increasingly decisive steps towards tax harmonization of the 27 systems remained in the EU, but the new measures may have negative effects on the Romanian economy and society that could be caught unprepared. Especially...

In Romania, the ratio between the revenues that must be collected from taxes (including social contributions – tax/GDP ratio) and GDP was 26% in 2016, higher only than the level in Ireland and below the collection level in...

  The Government adopted the Emergency Ordinance on amending the Tax Code and maintained all the provisions lately contested by the business community and trade unions. Among the most important are: the transfer of most of the social...