IMF Recommendations for Romania: VAT and Higher Rates, Two Tax Rates on Income and Changes in Social Contributions

Digi 24

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The International Monetary Fund recommends that Romania take measures such as the increase in VAT, excise duties, dividend tax and introduce two income tax rates of 15% and 25% and reduce or eliminate health contributions. The IMF report...

Radio Europa Liberă

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Romania ended 2009, the worst year of the global economic crisis, with a 6.9% deficit; passed over pandemic by 9.5%, but in 2024 it had a 9.3% deficit – the largest in the European Union.

Stirile Pro TV

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The increase in VAT and tax revenues in addition to the income of the most Romanians are the latest recommendations made by the International Monetary Fund for the balance of Romania's finances.

ZF.ro

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The International Monetary Fund has published a series of recommendations for Romania in order to adopt a tax package which, in the opinion of...

vz.lt

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As Lithuania increases defense spending, the International Monetary Fund (IMF) is suggesting that the country seek new and stable sources of budget financing.

Ziar de Suceava

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The IMF recommends that Romania abandon the flat rate income tax, increase VAT, excise duties and dividend tax. A team of experts from the International Monetary Fund published on Friday a set of recommendations for reforming Romania's tax system and shifting the tax burden from labor to consumption and, to a lesser extent, capital, with the institution estimating that, if fully implemented, these proposals could generate additional revenues of…