Romania's VAT Rate Cut to 20%
Romania's headline value-added tax rate fell from 24% to 20% on January 1.
The tax cut was included in the Tax Code amendments, which were passed last year after a lengthy debate on whether deep tax cuts for Romania were prudent.
Earlier, lawmakers had signed off on a 5% reduction, to 19%, but the proposal was vetoed by the country's President, Klaus Iohannis.
After the changes to the tax plan, former Prime Minister Victor Ponta said the Government would seek to install the 19% from 2017. Ponta resigned in November 2015 due to an unrelated matter.
Experience Provider joins TGS Global Network
Experience Provider M.E. Limited, is one of the top public accounting and tax advisory services firms in Jordan. They ar
Quantum Auditors & 123 Consulting joins TGS Global Network
TGS are proud to be in South Africa with our most recent member, Quantum Auditors / 1.2.3. Consulting. With offices situ
Massie Turcotte joins TGS Global Network
TGS are proud to announce a new member in Canada. Massie Turcotte gives TGS a presence that stands out from other
PGK Consultores joins TGS Global Network
TGS is delighted to announce the membership of PGK Consultores, Argentina. PGK is a dynamic firm whose partners began th
Garssa Consulting has joined the TGS Global Network
TGS welcome Garssa Consulting to TGS. In 2012, Garssa Consulting saw a gap in the Colombian market and established a hig