Reuters: Romania to Send Oil and Gas Royalty Tax Law to Parliament in September

Romania's government will send a draft law on royalty taxes for the oil and gas sector to parliament in September, Deputy Finance Minister Dan Manolescu told an energy seminar on Monday. The new tax system will likely include differentiated royalties for onshore and offshore extraction and will apply only to new contracts. It will also include a levy on profit from upstream activities, in addition to the global flat 16 percent ...

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