Romania to Reorganize Tax Administration Systems

Categories: Taxation in Romania

BUCHAREST – Romania will soon reevaluate its tax administration system, which is currently regarded as having some of the most complex tax environments in the world. On April 17th the Prime Minister of Romania Mihai Razvan Ungureanu dismissed the head of the National Agency of Fiscal Administration (ANAF), after the department failed to reach its [...]

BUCHAREST - Romania will soon reevaluate its tax administration system, which is currently regarded as having some of the most complex tax environments in the world. On April 17th the Prime Minister of Romania Mihai Razvan Ungureanu dismissed the head of the National Agency of Fiscal Administration (ANAF), after the department failed to reach its goal of reducing the occurrence of tax evasion in Romania and raising tax revenues by EUR 2 billion by 2012. The Prime Minister also announced that ANAF would ... Read More

Fear of Magic Halts Tax Law

Categories: Taxation in Romania

The fear of reprimands from witches and fortune tellers has reportedly halted the passing of new tax rules in Romania. Last week the Romanian Senate rejected a proposal to instate a new tax on witches and fortune tellers, as politicians apparently feared a backlash of curses. Under the initial proposal, individuals who identify themselves as [...]

The fear of reprimands from witches and fortune tellers has reportedly halted the passing of new tax rules in Romania. Last week the Romanian Senate rejected a proposal to instate a new tax on witches and fortune tellers, as politicians apparently feared a backlash of curses. Under the initial proposal, individuals who identify themselves as witches and fortune tellers would be required to keep accurate receipts of all services provided and incomes made, whereupon they would be levied with the country’s typical income ... Read More