Tag: Taxation

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 […]