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Tag Archives: exemption

EC approves Romania’s request for extending the derogation scheme from the common VAT system

The European Commission has approved Romania’s request, submitted in April this year, to continue the enforcement of the derogation measure from the common system of value added tax, which allows the exemption of VAT payment of taxable legal persons with ...

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Romanian Gov’t and IMF agreed on 1.83 pc budget deficit of GDP in 2015

On Tuesday, the International Monetary Fund – European Commission – World Bank troika has reached an agreement with Romanian authorities on 2015 budget, according to which the deficit planned for the next year will be 1.83 percent of Gross Domestic ...

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Gov’t has convinced IMF to maintain 1.4 pc deficit target of GDP, sources say

International Monetary Fund (IMF) representatives agreed a budget deficit of 1.4 percent, following negotiations with the Romanian authorities, sources for hotnews.ro said. Victor Ponta Government convinced also IMF-EC delegation to get exemption for European projects co-financing and for the Army. According ...

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