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Romania News - Business, Taxation & Offshore



EU Expecting COVID-19 Dent In 2020 VAT Collections

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, September 22, 2020

The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018. Read Full Story


J5 Group Marks Two Years Of Collaboration On Tackling Fiscal Crime

by Mike Godfrey, Tax-News.com Washington

Friday, July 17, 2020

On July 13, 2020, the US Internal Revenue Service (IRS) issued a progress report on the last two years' work of the J5 group of five advanced countries, who are working collaboratively to tackle cross-border tax fraud.Read Full Story


EU Member States Slow To Implement VAT Quick Fixes

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 6, 2020

The European Commission has launched infringement proceedings against 14 member states for failing to implement the so-called value-added tax quick fixes.Read Full Story


Many EU States Tardy In Adopting Anti-Tax Avoidance Directives

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, February 6, 2020

On January 24, 2020, the European Commission issued formal notices to numerous European Union member states with regards to lapses in the implementation of various EU anti-tax avoidance directives. Read Full Story


Ireland Had EU's Lowest Tax-To-GDP Burden In 2018: Eurostat

by Ulrika Lomas, Tax-News.com, Brussels

Friday, November 15, 2019

The overall tax burden in the European Union relative to GDP rose slightly in 2018, to 40.3 percent, the Eurostat has announced. Read Full Story


Romanian Opposition Pushes For 16pc VAT Rate

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, July 25, 2019

Opposition lawmakers in Romania have tabled new Bill B317/2019, which would reduce the headline VAT rate from 19 percent to 16 percent beginning next year. Read Full Story














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