The changes brought to the consumption taxes - VAT, excise duty, tax on added sugar - as well as the legislation regarding the capping of mark-ups will bring an additional effort of interpretation and implementation, as well as multiple control actions and an increased risk of the application of some sanctions for producers, suppliers, distributors and traders, according to a press release from PwC Romania."These increases come in a context with high inflation. Since they will be reflected in prices quite quickly, they will decrease purchasing power and consumption, affecting both consumers, the population, as well as producers and traders," said Ruxandra Tarlescu, Partner, Inge Abdulcair, CEO, and Catalina Nacev, senior lawyer coordinator D&B David, in the weekly PwC Romania Tax Talks podcast.They talked about the practical aspects of the VAT and excise changes and about the monitoring and control actions of ANAF and the Competition Council.Similar to other EU countries, such as Hungary and Croatia, the authorities applied price cap measures since the summer through GEO 67/2023, with the aim of supporting consumers negatively affected by inflation. Basically, for certain products in the basic basket, the mark-up was capped at 20% for processors and traders and 5% for all distributors in the distribution chain.According to the same source, both the Competition Council and ANAF, through the General Anti-Fraud Directorate, were extremely active in monitoring and verifying the manner of application of the Ordinance and there were cases of effective sanctions for violating the established mark-up quota.According to the abovementioned source, the 5% quota for organic products was repealed, so that for them either the 9% quota or the 19% quota will be applied, depending on the amount of sugar in the product.
Waterdrop®, brandul european care a redefinit experiența de hidratare prin soluții sustenabile și design minimalist, lansează în România colecția AO26 în Ediție Limitată, inspirată de dinamica și ritmul inconfundabil al Australian Open. Noua colecție aduce în prim-plan produse create pentru cei care își doresc hidratare de nivel profesionist în viața de zi cu zi, de […]
The 33rd edition of Concerto di Natale, held on December 13, 2025, at the Auditorium Conciliazione in Rome, will feature Romanian artists Stephanie Radu and Alin Stoica. The concert, a Christmas emblem, brings artists from all over the world before the international public. Soprano Stephanie Radu will perform two special moments, namely “Regalo di Natale,” her […]
North Bucharest Investments has been honored at the CIJ Awards 2025 with the Best Residential Real Estate Agency of the Year distinction — a recognition of the company’s performance, dedication, and strong positioning within Romania’s high-end residential market. “This award is about people. About those who choose, every single day, to believe in this company, […]
Romania ranks 11th in the world in the EF English Proficiency Index 2025, with a “very high” level of English language skills. According to the index, which represents one of the most extensive global studies on language competence, adults in Romania show a high level of English knowledge. English remains the main international language of communication, […]
Over EUR 1 million was raised at the 25th Christmas Tree Festival, which took place on Thursday, December 4, at the National Museum of Art in Bucharest. Funds will be used by Save the Children Romania, the organizer of the auction, for access to quality education. The tree that raised the most money in the […]
Allianz-Țiriac Asigurări, one of the leading insurance companies on the local market, has completed the sale of its two former headquarters located in the Victoriei Square area of Bucharest. The deals were brokered by Cushman & Wakefield Echinox. The property on Căderea Bastiliei Street, of approximately 6,000 sqm GLA, was acquired by Praktiker Real Estate, […]
