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The National Agency for Fiscal Administration (Romanian: Agenția Națională de Administrare Fiscală, ANAF) is the revenue service of the Government of Romania. ANAF was established on October 1, 2003, under the Ministry of Public Finance and became operational in January 2004. [1] [2]
Education in Romania is free and compulsory until age 16, when children are eligible for part-time work. Free school meals are provided for all children, and there is no requirement that parents or guardians pay for class supplies. [10] Children up until the age of 18 also receive subsidies for public transportation to and from school. [11] [12]
For earnings between £100,000 - £125,140 employees pay the 40% higher rate income tax + removal of tax-free personal allowance + 2% NI (effectively a 67% marginal rate). The top tax rate on dividend income is 39.35%. Capital gains top tax rates are 20% for securities and 28% on property gains.
This is the map and list of European countries by monthly average wage (annual divided by 12 months), gross and net income (after taxes) for full-time employees in their local currency and in euros. The chart below reflects the average (mean) wage as reported by various data providers, like Eurostat . [ 1 ]
The European Commission expects Romania's deficit will rise to 6.9% of gross domestic product by the end of 2024, and further still, to 7% of GDP in 2025 - the highest forecast in the bloc.
The Ministry of Finance of Romania (Romanian: Ministerul Finanțelor) is one of the fifteen ministries of the Government of Romania. The minister's seat is currently held by Marcel Boloș. [1] The following agencies are subordinated to the Minister: National Agency for Fiscal Administration (Agenția Națională de Administrare Fiscală)
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It also taxes their foreign income other than salaries at a flat rate of 10%. Tax paid to other countries on the same income may be used as a credit against the tax imposed by Myanmar. [138] [139] Tajikistan considers all of its citizens as residents for tax purposes, and taxes the worldwide income of its residents.