taxes

A Reuters survey estimates Romania’s annual inflation at 5.6% at the end of June, up from 5.45% in May. Inflation is expected to reach 6.2% by the end of 2025, above the central bank’s 4.6% forecast. This rise is driven by increases in VAT…

Today, the Government assumed responsibility before Parliament for the fiscal package that includes tax increases—most notably, raising the VAT from 19% to 21%—as well as freezing public sector pensions and salaries in 2026. The…

The interim president of the PNL, Ilie Bolojan, declared on Friday, in a press conference dedicated to the budget crisis and the negotiations for the future government, that those who “promise magical solutions are false prophets”. He said…

The International Monetary Fund recommends that Romania adopt measures such as increasing VAT, excise duties, dividend tax and introducing two income tax rates, 15% and 25%, and reducing or eliminating the health contribution. The IMF…

Taxes have been increased in previous years, but this measure did not solve the problem of the budget deficit, because state spending has also increased, says businessman Dan Șucu, president of the Concordia Employers’ Confederation, in a…

Finance Minister Tanczos Barna told Digi 24 that he intends to propose reducing cash transactions in certain areas this year to combat tax evasion. At the same time, the FinMin will ask Parliament to amend the Insolvency Law so that this…

This year the growth of the economy will be slower than estimated at the beginning of the year, in 2025 food will be more expensive, and there might be an increase in VAT by two percentage points but not earlier than the middle of next…

The Irish low-cost operator Ryanair reports that it had to revise its growth plan for Iasi Airport, in the summer season 2024, due to the airport's decision to increase taxes by 25%. As a result of excessive increases in airport taxes,…

​Prime Minister Marcel Ciolacu gave assurances again on Tuesday that the Government will not increase taxes and invited American investors to develop Romania's strategic investment objectives, from the government cloud to the energy sector.…

The turnover tax is not sustainable in the long run, regardless of political will, argues Alin Chitu, State Secretary at the Ministry of Finance. "If this tax is so good and efficient, it would be everywhere in the world, yet we only…