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Romania News




OECD Releases New Dispute Resolution Peer Reviews

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, March 13, 2018

The OECD on March 12 released a third round of peer reviews of countries' efforts to implement the BEPS minimum standard on improving tax dispute resolution mechanisms. Read Full Story

 


Bermuda Lists CbC Report Exchange Partners

by Jason Gorringe, Tax-News.com, London

Wednesday, February 7, 2018

The Bermuda Government on January 31, 2018, updated the lists of the countries with which it will exchange country-by-country reports filed in Bermuda in 2018 and in 2019. Read Full Story

 


Romania To Introduce VAT Split Payment Mechanism

by Ulrika Lomas, Tax-News.com, Brussels

Wednesday, December 20, 2017

Romania will introduce a value-added tax split payment mechanism from next year, to improve tax collections and penalize those firms that are slow to remit value-added tax to the tax agency. Read Full Story

 


EU To Probe Whether Romania Let Rail Operator Off Tax Bills

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 19, 2017

The European Commission has opened an in-depth investigation to assess whether debt write-offs by the Romanian state in favor of rail freight operator CFR Marfa, and the failure to collect tax debts from the company, have given the company an unfair advantage in breach of EU state aid rules. Read Full Story

 


EU Commission Warns Of Tax Scam Letters

by Ulrika Lomas, Tax-News.com, Brussels

Tuesday, December 12, 2017

The European Commission has warned taxpayers in Europe of letters being sent by fraudsters bearing its name and demanding the payment of tax not due. Read Full Story

 


EU Auditors Concerned By Customs Tax Loopholes

by Ulrika Lomas, Tax-News.com, Brussels

Friday, December 8, 2017

EU customs controls are not being applied effectively, an EU audit has found, with importers able to take advantage of loopholes to reduce or evade their duty liabilities. Read Full Story

 


EU Council Approves VAT Derogations For Four States

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, October 19, 2017

In Volume 60 of the Official Journal of the European Union (L 265), published October 14, the European Council approved four proposals for council implementing decisions in respect of derogations sought by member states from the EU VAT Directive. Read Full Story

 


EU VAT Gap Release Falls Ahead Of New Anti-Fraud Action

by Ulrika Lomas, Tax-News.com, Brussels

Monday, October 2, 2017

The European Union value-added tax gap – the overall difference between expected VAT revenue and actual EU member state collections – was EUR152bn in 2015, says the European Commission, highlighting the need for further reforms to tackle avoidance, error, and evasion. Read Full Story

 


Romania And Uruguay Sign Social Security Agreement

by Mike Godfrey, Tax-News.com, Washington

Monday, September 18, 2017

Uruguay and Romania have signed a social security agreement, marking the first such agreement that the Uruguayan Government has concluded with a nation in Eastern Europe. Read Full Story

 


Romania Confirms Income Tax, Social Security Plans

by Ulrika Lomas, Tax-News.com, Brussels

Thursday, August 3, 2017

Romania's Ministry of Finance has confirmed that planned changes to personal income tax and social security contributions are going ahead, despite the recent cancellation of key parts of the Government's tax plan. Read Full Story

 

 

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