Official Name: Republic of Romania

Capital: Bucharest

Total area: 238 391 km2

GDP per capita: $42,408

Native Language: Romanian

Government: Unitary Semi-presidential republic

Population: 20,121,641

Major Religion: Orthodox Christianity

Monetary Unit: Romanian leu (RON)

Romania, in southeast Europe, is mountainous in the north while the main feature in the south is the vast Danube valley. The river forms a delta as it approaches the Black Sea,…

The Latvia's taxation system is affected by both the Latvian legislation and the requirements laid down by the European Union. It can be described as average, because every tax payer contributes to the budget 30 % of his/her income on average. Besides, the Latvia's diverse system of tax rates, tax relief and allowances enables every tax payer to choose the optimum sector for their occupation and management of funds. The Republic of Latvia has the lowest effective (average) tax rate in the…