According to rumors that appeared on February 18, 2015 in the online version of the well-known financial newspaper, the Romanian government plans to further reduce the tax burden.<\/p>\n
The main changes announced by the government are:<\/p>\n
– on VAT, the reduction from 24 percent to 20 percent of the standard rate as of January 1, 2016; thereafter the rate will be reduced to 18 percent as of January 1, 2018;<\/p>\n
– on the subject of contributions, the reduction of the rate for employees from 10.5 percent to 7.5 percent as of January 1, 2017;<\/p>\n
– for microenterprises, a reshaping of the rate that rewards enterprises with at least 1 employee (3 percent of turnover) or 2 employees (1 percent of turnover); the maximum ceiling for <\/p>\n
– Also on the subject of microenterprises, the maximum ceiling for remaining in the scheme will be increased to 75,000 euros starting in 2017 and gradually rising to 100,000 euros by 2019;<\/p>\n
– the single (flat) tax rate will also be reduced to 14 percent from January 1, 2019.<\/p>\n
Additional changes include fuel excise taxes and real estate taxation .<\/p>\n","protected":false},"excerpt":{"rendered":"
According to rumors that appeared on February 18, 2015 in the online version of the well-known financial newspaper, the Romanian government plans to further reduce the tax burden. The main changes announced by the government are: – on VAT, the reduction from 24 percent to 20 percent of the standard rate as of January 1, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[],"class_list":["post-4161","post","type-post","status-publish","format-standard","hentry","category-news-en"],"yoast_head":"\n