Value-added tax

Ponta: Romania will definitely have 16pct flat tax until elections of 2016

Prime Minister Victor Ponta on Tuesday said that until the elections of 2016 Romania would maintain the 16 per cent flat tax and, after which the political forces that will win the next parliamentary elections would be able to decide whether they maintain this flat tax or not.

Bosnia Releases Ministers Suspected of Tax Fraud

The appeals court freed Federation Agriculture Minister Jerko Ivankovic Lijanovic and Federation Trade Minister Milorad Bahilj on bail on Friday ahead of their trial after they spent a month and a half in custody on remand.

Also released were three other suspects in the tax fraud case, Ivankovic Lijanovic's brothers Jozo and Slavo, and Bahilj's colleague Mirko Galic.

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