Excise duties to be 5.2% higher in Romania from 2013

The excise duties for 2013 will be calculated using an exchange rate of RON 4.52 per EUR, 5.2 percent higher than the rate used this year, according to data from the European Central Bank. In Romania, the level of the excise duty in RON is established using the exchange rate announced by the European Central Bank on the first day of October. Companies pay excise duties for alcohol, tobacco and energy products in ...

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