SIMILAR ARTICLES

Q2 / Average monthly income per capita in Romania has risen to nearly RON 1,600: Changes in redistribution of family budget

Data published by INS for the second quarter of 2018 show that Romanians’ monthly incomes have reached nearly RON 1,600 per person. They were RON… Mai mult

Current account deficit flickers to red on dashboard

According to the data released by Eurostat, Romania’s current account deficit exceeded, in the second quarter of the year, the threshold of five percentage points… Mai mult

Strategic chemical industry: Romania, on top in import increase and ranking last in EU in terms of increase in exports outside single market

Data published by Eurostat show that Romania recorded the second highest annual growth rate in imports of non-EU chemicals from 2007 to 2017 (13.1% per… Mai mult

Economic growth in the pocket: Current accounts vs. saving accounts – 64% to 4.5%

  Rising incomes have fuelled consumption and, implicitly, the economic growth in recent years, but not the savings. Although a large proportion of the population… Mai mult

Domestic software and IT services market declines, growth will only be based on external market

Total turnover in the IT sector increased by 11 percentage points in 2017 compared to 2016 and exceeded the four billion euro threshold forecasted, according… Mai mult

Romania – among the highest shares of environmental taxes: Where does the money go while we risk infringement proceedings for pollution?

de Mariana Bechir , 5.2.2018

The Romanian Government benefits from the fifth largest share of environmental tax revenues, with 9% of total taxes and contributions, according to the data released by Eurostat on Wednesday.

However, Romania is threatened with the infringement procedure because of air pollution in large cities.

In Romania, government revenue from environmental taxes exceeded EUR 3.9 billion in 2016, up 59% compared to 2007 and 1.9% to 2015, according to Eurostat data.

Romanians pay 17 environmental taxes at different levels of the administration, according to the National Institute of Statistics (INS).

There are taxes on transport (excise duties on car imports and car sales from domestic production, car registration tax, road taxes, tax on cars), energy taxes (excise duties on imports and electricity sales, over-excise to fuels, revenues from the single tax on fuels delivered, consumed or imported by producers, development tax, revenues from the sale of greenhouse gas emission allowances), taxes on resources (tax on oil from domestic production and natural gas, tax on the activity of prospecting, exploration and exploitation of mineral resources) and a pollution tax (taxes and other revenues from the environmental protection).

Governments of Latvia (11.7%) and Slovenia (10.6%) have the largest share of tax revenues. They are followed by Greece (9.8%), Bulgaria (9.6%), Croatia (9.3%).

The European average has declined from 6.4% in 2006 to 6.3% in 2016.

The lowest share is 4.6% in Luxembourg, followed by Germany (4.8%), France (4.9%), Belgium (5.0%) and Sweden (5.1%).

On the other hand, Romania and other eight states should submit their plans for improving air quality to the European Commission by 5 February. Otherwise, Romania, Hungary, the Czech Republic, Germany, Spain, France, Italy, Slovakia and the UK will be sued in the EU Court of Justice.

Government revenues from environmental taxes in the EU member states amounted to EUR 364.4 billion in 2016 compared to EUR 296.5 billion in 2006.

Energy taxes accounted for over three quarters (76.9%) of total environmental tax revenues, followed by taxes on transport (19.7%) and taxes on pollution and resources (3.4%).

Mergeți în homepage ›

Publicat la data de 5.2.2018

Lăsați un comentariu


NEWS

Cluj-Napoca - only city in Romania that receives European funds for innovative projects

Only Cluj-Napoca is among the 22 European cities that will receive financing from the European Regional Development Fund (FEDR) for innovative solutions in addressing urban… Mai mult

Prime Minister Dancila dismissed 13 of 15 civil society representatives from Economic and Social Council. They were blocking legislation that did not gathered all opinions

Prime Minister Viorica Dancila has replaced 13 of the 15 civil society representatives in the Economic and Social Council (CES). Following a decision published on… Mai mult

West Quadrilateral / Four counties joined to directly access European money for major infrastructure projects

From right to left: Gheorghe Falca, Nicolae Robu, Ilie Bolojan. Emil Boc, Mayor of Cluj Napoca, misses Four mayors from the West of the country… Mai mult

Chamber of Deputies / PSD loses UDMR’s support for amending Offshore Law, draft returns to committees for a week

The plenum of the Chamber of Deputies decided on Wednesday to resend the Offshore Law to committees after a seemingly surprising request of UDMR leader… Mai mult

Government amended insolvency law. Guarantees given by Minister Teodorovici

The Government adopted on Thursday the draft Emergency Ordinance for amending and supplementing legislation in the field of insolvency, which provides among other things for… Mai mult

Romania ranked 7th in EU in terms of renewable electricity

Unlike the vast majority of the economic areas, in which we are at the bottom of the European ranking, Romania succeeded to rank 7th by… Mai mult

Resounding failure of PSD lobbying action in Brussels

There are clear signs that the lobbying action launched by the ruling coalition in Brussels in favour of the government in Bucharest will end with… Mai mult

MFP: Romania does not endorse a separate budget for Eurozone and rejects the idea of ​​taxing financial transactions

Romania does not endorse a separate budget for Eurozone and rejects the idea of taxing financial transactions, Minister of Public Finance Eugen Teodorovici said after… Mai mult

Finance Ministry wants to change rules for insolvency: state could also register claims after procedure is launched

Companies’ possibility to avoid paying creditors (and in particular the payment of tax receivables) simply by declaring their insolvency would be drastically limited, according to… Mai mult

Phil Hogan: Swine fever in Romania has an impact on neighbouring countries and EU trade in pigs

Prime Minister Viorica Dancila, European Commissioner Phil Hogan and Agriculture Minister Petre Daea The swine fever epidemics in Romania has an impact on neighbouring countries,… Mai mult

Infrastructure projects lost EUR 41.5 million following budget amendment. In what projects cuts have been made

Despite the assurances that Dancila government is concerned and intensely working on the road infrastructure projects, at the budget amendment the Transport Ministry has cut… Mai mult

European Parliament have decided to adopt in October a resolution on the rule of law in Romania

Leaders of the political groups in the European Parliament have decided to adopt in October a resolution on the rule of law in Romania. The… Mai mult

"Romania's buffers have deteriorated, the country is less prepared for a negative shock" - IMF will reduce economic growth estimate

Romania will be less prepared if the economy is hit by a negative shock, as the structural deficit has been deteriorated - IMF representative for… Mai mult

Premiere: CSAT asks Finance Ministry to amend amendment - session suspended until Government comes with a draft that does not affect budgets of secret services

President Klaus Iohannis suspended on Tuesday the CSAT meeting for discussing the budget amendment, as there was no consensus on the budgets of institutions from… Mai mult