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Tag Archives: profit tax

Over half of Romanian stores’ profits goes abroad, study shows

Large foreign retailers, active on the local market, generate more than half of the profits made by all consumer goods retailers. Paradoxically, although 99.6 percent of traders are Romanian companies, they fail to produce half of the profit of the ...

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Hotnews: List of banks not registering profit, among them BCR, Piraeus Bank, OTP Bank, Garanti Bank

According to a document released today, Banca Comerciala Romana (BCR) has not declared profit in the past five years, hotnews.ro informs. The document lists 31 commercial banks which have not declared profit and have not paid profit tax (corporate tax) ...

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New governing programme: Profit tax to be replaced by tax on turnover, sources say. Solidarity tax expected, VAT at the same level

The new governing programme provides, among other fiscal and budgetary measures announced, one measure that will have an impact on all companies in Romania, which will no longer be taxed according to the profits, but on the turnover, hotnews.ro informs. ...

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Tax cuts in 2018 will lead to fall in budget revenues by RON 23bn, IMF says

In the latest letter sent to the Board in Washington by the International Monetary Fund (IMF) officials, after the meeting of the IMF delegation with the Romanian government, it is estimated that by cutting the profit tax to 10% and ...

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ANAF’s earnings in 2016, RON 2.6 bn higher than in 2015

In 2016, the National Agency for Fiscal Administration (ANAF) collected budget revenue of RON 199.4 billion, up by RON 2.6 billion than in 2015 and RON 3.52 billion (1.8 percent) more that the schedule set for January 2016 by the ...

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