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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]
11.5% (highest prevailing marginal state and local sales tax rate) 0% (lowest prevailing marginal rate) 20% 18%-40% federal with offset against individual State Estate and Inheritence Taxes [240] Taxation in the United States Uruguay [42] 25% 0% 36% [241] 22% (standard rate) 11% (lowest rate) 0% (extent) Taxation in Uruguay Uzbekistan [42] 12% ...
tax on mills (watermills and windmills) oierit [17] oaie (sheep) tax on sheep perperit [18] perper: tax on sold goods (paid in perper coins) pădurărit [19] pădure (forest) tax on forests podărit [20] pod (bridge) tax on crossing a bridge: pogonărit [21] pogon: tax on each pogon of land owned popărit [22] popă tax paid by the priests ...
The European Union state, which holds national and presidential elections later this year, saw its budget deficit widen to 4.02% of economic output at the end of July, effectively putting the ...
In 2005, the government replaced Romania's progressive tax system with a flat tax of 16% for both personal income and corporate profit, among the lowest rates in the European Union. [287] The economy is based predominantly on services, which account for 56.2% of the country's total GDP as of 2017, with industry and agriculture accounting for 30 ...
During that year, the tax authority carried out 29,000 inspections on individuals and 83,000 on companies, [4] which added an additional 5.8 billion leu to the budget. [4] Romania is committed to improving its tax administration. [5]
Romania adopted 1 January 2005 a flat tax of 16% to improve tax collection rates. Romania subsequently enjoyed the lowest fiscal burden in the European Union, until Bulgaria also switched to a flat tax of 10% in 2007. Since 2018 the flat rate was lowered to 10%. Romania posted 6% economic growth in 2016, the highest among European Union member ...
The tax percentage for each country listed in the source has been added to the chart. According to World Bank , "GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products.