Customs duties represent irrecoverable taxes, having a negative impact on the cost structure of virtually all businesses where such costs are incurred. |
| |
Romanian Customs Regime |
| |
At the beginning of each calendar year, the Romanian Government has the capacity toreduce or eliminate, on a temporary basis, the autonomous customs duty rates on certain categories of products, provided thorough economic justification in this respect is made available to the relevant authorities. |
| |
| The products for which the customs duty rates are reduced or eliminated are published in a Governmental Decision, which is enforced in the month of January of each year. PricewaterhouseCoopers is ready to offer its assistance for reducing or eliminating the customs duty rates on certain categories of products. This initiative should lead to significant savings for companies that find themselves under either one of the following situations: |
| |
|
|
The company is a major importer and distributor of certain categories of products, not having |
| |
preferential origin (i.e. products originating in countries, such as: US, Japan , China and other Asian countries, Russia & CIS, African countries, etc); |
|
The company processes non-preferential raw materials and grants; |
|
Romanian preferential origin to the products it manufactures and exports. |
| |
|
|
