The government analyses the amendment of the taxation paid by HoReCa, namely the increase of the taxation for restaurants and hotels with high income, as well as for a possible increase of the taxation for the companies in the domain of gaming, supplementary to the plan to increase taxation for gaming to 40% announced for the first time in Profit.ro. The authorities intend to present a draft of ordnance with the fiscal amendments in the period to come. Thus, in HoReCa, the specific tax would not be lower than 1% of the turnover. The specific tax paid by HoReCa, very advantageous for units and hotels with high income, was on the agenda of the Coalition and at the beginning of the discussions. Initially, there was considered the elimination of the specific tax and change of these companies to the profit tax, but later this proposal was given up. Now keeping the specific tax, but with the introduction of new criteria, the tax paid will take into consideration the income obtained.The specific tax is a special regime of taxation which in favour of restaurants and luxury hotels, with high profitability which pay very small sums as tax. This type of taxation was introduced in 2017 and is calculated according to a specific formula, depending on the capacity of hotels or surface of the restaurants. The HoReCa companies were exempted from the payment of specific tax during pandemics, in the context where activity was troubled by the restrictive measures of the authorities.
Agra Asigurări, the national leader in agricultural insurance, announces record claims in the first 6 months of this year. As of June 20, 2025, more than 3,300 damage notices have been registered due to extreme weather events nationwide, marking an increase of nearly 50% compared to the entire period of 2024. In total, amid the […]
In a significant recognition of Romania's financial market progress, MSCI, one of the major global index providers, has upgraded Romania's capital market classification to an Advanced Frontier Market. The decision follows MSCI's 2025 Global Market Accessibility Review published earlier this month and represents...
From music festivals to cultural happenings and outdoor activities, here are some of the events scheduled to take place in the capital this summer. Tom Jones concert June 26 After a sold-out concert two years ago, Tom Jones returns to Bucharest with an event that is part of the Defy Explanation tour. It will be […]
The "Vară Magică" (Magical Summer) International Festival returns to the Romanian Athenaeum in Bucharest with eight evenings of classical music, taking place from July 2 to August 13 every Wednesday. Now in its 14th edition, the festival continues its artistic direction in 2025 with the theme "Masters and Masterpieces," meant to signal a musical journey […]
The Romanian Chamber of Deputies adopted a draft law establishing the year 2026 as the "Constantin Brâncuși Year” to celebrate the famous sculptor. The law, initiated by former culture minister and Social Democratic deputy Natalia Intotero, passed with a large majority, with 275 votes in favor and one vote against. Next year also marks the […]
Romanian president Nicușor Dan met with UK prime minister Keir Starmer on Wednesday morning, June 25, on the sidelines of the NATO summit in The Hague. The meeting brought together Romania’s full official delegation, including presidential security advisor Cristian Diaconescu, newly appointed foreign minister Oana Țoiu, defence minister Ionuț Moșteanu, and Romania’s permanent representative to […]
