income tax

The National Council of SMEs (CNIPMMR) cautioned in a press release on Monday that transitioning to corporate income tax, prompted by reducing the threshold for micro-enterprises to EUR 100,000, could escalate inflation. This shift would…

Approximately 172 million euros could reach non-profit organizations in Romania, but in 2022 the NGO environment attracted only 1/3 of this, according to the data from the report on declaration 230 sent by the National Fiscal Administration…

Agriculture, construction, the food industry and IT are the fields that, starting this autumn, will lose the fiscal facilities they had for employee remuneration, such as the exemption from paying income tax, the CAS reduction or the…

Employees who participate in the activity of creating computer programs are exempt from paying tax on income from wages, according to the Fiscal Code. A new order published in the Official Gazette (OMFP 433/2022) regulates the justification…

Romania reported a budget deficit of 1.71% of GDP in the first half of the year, being lower by 1.15 percentage points compared to the similar period in 2021, according to data from the Ministry of Finance. In terms of value, it amounts to…

The Minister of Finance, Adrian Câciu, announced on Tuesday evening that Romania will tax multinationals with 15% of the profit, starting with January 1, 2023. According to the minister, the Government's priorities for this year are to…

Bucharest district 3 mayor, Robert Negoiţă, has lashed out at Finance minister Eugen Teodorovici after a meeting on Wednesday, accusing him of not keeping his word regarding the reimbursement of 100% of the income tax to city halls. A…

Romanian entrepreneurs are the more advanced in the use of digital technologies  than their peers in the other 14 countries in Central and Eastern Europe, according to PwC Central and Eastern Europe Private Business Survey 2019. So, 64%…

The Government has approved on Friday the state budget for 2019. The draft bill was not on the cabinet sitting scheduled for 12.00h, but Prime Minister Viorica Dancila announced it would be introduced on the additional list. In the…

Romanian economy will grow by 3.5% in 2019 and by 3.1% in 2020, by 0.1% less than in the forecast issued in June 2018, the ‘Global Economic Prospects’ report  released on Wednesday by the World Bank. The WB expects Bucharest to register…