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PM BOC: Taxes remain unchanged into 2012

The "hard part" is already behind, this is what Emil BOC told Romanians Monday evening, on the 7th of February 2011, after the negotiations with IMF team. In what might be regarded as a thank-you message to the public, who "understood the need for the spending cut effort" in 2009 and 2010, the PM assured Romanians their future is no longer under the threat of economic collapse.

"I know it has been hard, that very many Romanians still live a hard life, yet, what's important, the hardest part is already behind us", Mediafax quoted the premier as saying. His statement follows President Traian BASESCU's speech Sunday evening, on the 6th of February, when the President announced that Romania will not draw the last EUR 1 billion instalment of the IMF loan, given improved economic developments, with only the EC portion to be received.

The PM also said the main taxes remain unchanged this year and the next too. Also, he said the arrears will be gradually eliminated, after a debt inventory going to be made in late April, which will deal with all the invoices registered yet unpaid in late 2010. "Eliminating" or renegotiating underperforming contracts in the field of transports was another measure put forth by the Romanian PM, who also referred to other measures being prepared by Government, including the selling of state minority shareholding in companies including PETROM, TRANSGAZ and TRANSELECTRICA, railway company downsizing, taxing individual undeclared large fortunes, a measure aimed at cracking down on tax evasion.

Another measure regards a request going to be sent to the EU Council of Ministers to authorize the rise from EUR 35,000 to EUR 50,000 in the threshold of the business turnover or revenues companies shall pay Value Added Tax (VAT) for. Asked how many public sector employees will be laid off under the IMF agreement, the Premier said no exact number had been discussed. According to BOC, the new agreement is aimed at economic growth. "For 2011, there is stipulated an economic growth of 1.5 to 2 percent, and for 2012, 4-4.45 percent. This means a better situation for every Romanian", the PM concluded.


Published on 09.02.2011

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