Romania To Tax Sales To Scrapyards By 16%

Romania's Government has announced that income from the sale of scrap to scrapyards will be considered "income from miscellaneous sources" and will be subject to a 16% tax.The norms concerning the application of the Tax Code were amended Wednesday by the Government through a decision that clarifies several provisions regarding taxes on profit and income, VAT, excise duties, local taxes, mandatory social contributions.Aside from taxing scrap sold to metal, paper, glass etc. ...

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