Romania risks missing its fiscal consolidation targets because of overly generous fiscal policies, the International Monetary Fund has said. Read Full Story
Romania approved legislation to join the OECD's base erosion and profit shifting Inclusive Framework on March 2.Read Full Story
The European Commission has launched a consultation on improving administrative cooperation and increasing efforts to tackle cross-border value-added tax fraud. Read Full Story
Oman has increased its corporate income tax from 12 percent to 15 percent and removed an exemption for small businesses.Read Full Story
The European Union has welcomed the entry into force of the WTO Trade Facilitation Agreement, which aims to modernize and simplify customs and border procedures. Read Full Story
Saudi Arabia's Cabinet has approved the introduction of the "selective tax" that is being rolled out across the Gulf Cooperation Council member countries.Read Full Story
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