The business in Romania blog writes about the Romanian business landscape, doing business in Romania, investing in Romania business and debating on business issues in Romania. Check this Blog's Policy here.
Sitemap | Feedback | Doing Business in Romania report | Opening a Business in Romania | RSS for this Blog
Monday, August 29, 2005
A new fiscal strategy for the coming years developed by the Ministry of Public Finances will be discused this week by the Government.
New stipulations of the fiscal strategy include increasing taxes for houses and apartments that exceed 100 square meters, changing taxes for vehicles by fixing rates for every 200 cc of engine capacity depending on the vehicle's class. Vehicle taxes will be calculated at between 10 and 60 lei (2.8 - 17 euros) per 200 cc.
The new fiscal strategy also contains a proposition to increase the Value Added Tax from 19 percent to 22 percent and raising the reduced VAT rate from nine percent to 11 percent. The reduced VAT rate is applied to medicines, books, magazines etc.
Currently, companies with a maximum of nine employees and an annual turnover of less than 100,000 euros pay a three percent tax on turnover to the state budget. The legislation also stipulates these companies must have at least one employee.
The new fiscal strategy includes provisions raising the number of employees to a minimum five.
Posted by Iulia Rasoiu : 8/29/2005 11:43:00 am
06/01/2004 - 07/01/2004
Romania's four government priority areas
I love Heineken
Orange reaches 6m customers
Romanian Olympics in Informatics
Google talks into the future ...
VAT increase to 22% certain
Why do you read blogs ?
Work and Health
Romania has lowest minimum wage in EU
The plane - cheaper than the train
Publications & Media
This website is proud to be designed by Mihai Dragan
I usually listen to THIS kind of music.