Romania News

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

EU Drops Digital Tax Plans
by Ulrika Lomas, Tax-News.com, Brussels
Thursday, March 14, 2019
The EU will not proceed with plans for a digital services tax, after finance ministers again failed to agree on the proposals. Read Full Story

EU To Probe Potential Abuses Of Citizenship By Investment Schemes
by Ulrika Lomas, Tax-News.com, Brussels
Monday, January 28, 2019
For the first time, the Commission has presented a comprehensive report on investor citizenship and residence schemes operated by a number of EU member states. Read Full Story

Still No Deal On EU Digital Services Tax
by Ulrika Lomas, Tax-News.com, Brussels
Friday, December 7, 2018
European finance ministers were again unable to reach an agreement on a proposed digital services tax, despite attempts by Austria, France, and Germany to broker a compromise. Read Full Story

Switzerland Begins Sharing Tax Data Internationally
by Ulrika Lomas, Tax-News.com, Brussels
Friday, October 12, 2018
Switzerland has made its first exchanges under the new international automatic exchange of information framework, the Common Reporting Standard. Read Full Story
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