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News - Romania

Insurance Supervisory Levies In Eastern/Balkan Europe

Romania 1/4/2016 11:20:08 AM

Unlike Insurance Premium Tax (IPT) where the determination of where tax is due is based on the location of the risk covered, supervision levies are due when the entity carrying out insurance business is deemed to be under the supervisory regime.
IPT Round-Up For October 2015

Romania 10/21/2015 9:14:00 AM

Round up of recent changes to taxes on insurance premiums around the world. All of these changes have been or will be reflected within IPT Quote.
Romanian MPS Finally Reach Agreement On VAT Rate Cuts

Romania 8/24/2015 10:30:08 AM

After being approved and then rejected by the President, Romania this week finally achieved cross-party agreement on the extent of VAT cuts; it will drop to 20% from next year, and to 19% from 2017. Romanian lawmakers agreed to shave 4.4 billion lei ($1.1 billion) off planned tax cuts, amid worries the proposals may blow a hole in the budget next year.
Romanian Legislation Changes

Romania 8/4/2015 9:59:58 AM

Our experts in Romania detail important changes to legislation, as published in the Official Gazette, and in force from 16 July 2015.