Tag Archives: tax

The New Eastern Europe

The Romanian govermnent has approved the reduction of the tax rate on dividends from 16% to 5%. For three years foreign investors who were not previously affiliated with the local market and invest more than the equivalent of 3,000 EUR will be exempt from tax. The Romanian governent also reduced the VAT rate to water for […]

read more

Romania Plans to Cut Taxes From 2016 to Boost Economic Growth

Romania plans to start cutting taxes from next year to boost economic growth and increase living standards after four years of austerity, Prime Minister Victor Ponta said.The cabinet intends to cut value-added tax to 20 percent from 24 percent and reduce the levy for meat, fish, vegetables and fruit to 9 percent, Finance Minister Darius […]

read more