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The specific taxation rate in the Romanian Upstream gas industry exceeded 25% in 2018

Romania has the highest effective tax rate specific to natural gas production in Europe, shows a study by Gabriel Biris, a business lawyer specialized in taxation. The results of the analysis were presented at a press conference organized by the Petroleum and Gas Employers Federation – FPPG. The rate was calculated as a percentage of the Upstream revenues from natural gas. This was almost triple compared to the arithmetic ...

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