Tag: Taxation

Reverse taxation to be introduced for gas supply – Romania, 09 July 2019

Romanian Government intends to extend the reverse charge in the field of natural gas supply, according to the model already applied in the electricity sector, with the conditions that the gas trader/gas supplier holds a license from the National Regulatory Authority for Energy (ANRE), gas trade has Full article available for subscribers of Energy NEWS […]

EFET calls for suspension of newly introduced turnover tax – Romania, 09 January 2019

The European Federation of Energy Traders (EFET) said in a statement that it believes that the emergency ordinance which entered into force on 29 December last year needs to be suspended as a matter of urgency. It will bring adverse consequences for the electricity market functioning in Romania, the Full article available for subscribers of […]

Ruling coalition proposes overturn tax for energy companies – Romania, 18 December 2018

According to Romanian media, the country’s ruling coalition is planning to change the corporate profit tax to a turnover tax in the case of the energy companies in its 2019 budget proposal. The sources said that a 5 % turnover tax rate is being considered. It is not clear at this moment if the Mi […]