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Romania Ups Local Taxes, Fees By 20% In 2010 In Ratio With Last Three Yrs’ Inflation Rate

The Romanian Government decided to increase local taxes and fees by some 20%, as of 2010, in ratio with the inflation rate over the past three years. The government's decision was approved in August this year and published in the Official Journal of Romania on September 24.Taxes for buildings made of strong construction materials, such as concrete and bricks, and connected to utilities will increase to 806 lei (EUR1=RON4.2132) per square meter, from the current RON669, while taxes for the ...

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Tuesday, September 29, 2009