Latest News:  

English>>World

Romania to impose special tax on natural resource exploitation

(Xinhua)

16:31, January 22, 2013

BUCHAREST, Jan. 21 (Xinhua) -- The Romanian government is to impose special tax of 0.5 percent on exploitation of natural resources, other than natural gas, according to a draft emergency ordinance published Monday by the Finance Ministry.

The tax will be paid by operators that undertake the extraction and exploitation activities as well as the trading of natural resources, such as timber, crude oil, ferrous ores, uranium and thorium ores, and other non-ferrous metal ores.

The special tax will be applicable between February 2013 and December 2014.

The government has to impose the tax, as the current system of fees and charges will be reviewed only from the period 2014-2015, and the authorities are seeking ways to keep the budget deficit within the limits agreed with the International Monetary Fund, revealed the draft ordinance.

The Finance Ministry also announced to surcharge by 60 percent companies whose activities involve the extraction and sale of natural gas in Romania, tax on the additional income resulting from the deregulation of prices in the industry.

We recommend:

Nudists rally for right to bare it all

Unforgettable moments you cannot miss in December

Bloody scenery of shark hunting

Sao Paulo faces hot weather in January

Finland celebrates Epiphany with slide show

Children taking cold-resistant exercise

Email|Print|Comments(Editor:燕勐、张茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Fighters in combat readiness cruise

  2. WZ-10 armed helicopters in training

  3. Unforgettable moments you cannot miss in Jan.

  4. Space centers around world

  5. China’s weekly story (2013.01.09-01.19)

  6. Life in Beijing on 10,000 yuan a month

  7. Characters of 'Journey to the West'

  8. Chinese animation films getting stronger

  9. Sinopec aims to sweeten energy supply

  10. Celebrities in Spring Festival gala

Most Popular

Opinions

  1. Global governance in a changing world
  2. Obama's second term brings new opportunities
  3. Happy Indian mentality keeps on rising
  4. Consumption cannot be only driver
  5. China to stick to own path in maritime exploration
  6. Learning the language of affection
  7. Don't buy a house before 35 years old?
  8. Anti-pollution plan gets mixed reviews
  9. Emotional abuse to child cannot be neglected
  10. US' dangerous stance

What’s happening in China

This is the most real, most helpless and most motivate life expense of Beijing!


  1. Beijing vows more efforts to improve air quality
  2. Sanitation workers win pay raise after protest
  3. Woman in sex videotape accuses official of rape
  4. Chinese authorities ban 55 TV ads
  5. Database gives hope to abducted children