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Romanian government plans tax hikes to boost budget

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Reuters UK

BUCHAREST (Reuters) – Romania’s coalition government plans a series of tax rises from next year, including increasing dividend and property taxes, which are expected to boost budget revenue by 13.4 billion lei ($2.82 billion), a draft bill showed on Tuesday. Some of the changes, including higher excise duties on cigarettes and alcohol, will apply from August of this year and generate 2.2 billion lei in revenues by year-end, according to the draft bill released by the finance ministry. The country collects budget revenue worth around 30% of gross domestic product, significantly below the EU ave…

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