The turnover tax and the reduction of certain facilities with regard to the VAT payment could have an impact on inflation of 1 to 2 percentage points next year, stated on Monday Adrian Codirlasu, vice chairman of the Association CFA Romania."I am in favour of a single quota applicable to all and non-discriminatory. A facility applies, but it can apply for a limited time, that facility takes effect, then we reduce it, we take it away. Also in this sense of, let us say tax fairness, there is a study done last year by the Fiscal Council which even said that if we removed these facilities it would bring to the state budget somewhere around 2% of GDP additional revenue. We would not have had these problems this year if we had applied those measures proposed by that study. On the specific taxation that is happening now, basically additional taxes have been put on companies. So basically the government wants more money and is taking that money from the consumer, from the population through the companies. In the sense that a turnover tax is a VAT. VAT is a turnover tax. Also, a turnover tax is actually a VAT on steroids. In what sense? The bigger the supply chain, the more 1% is added at each point and the final price to the consumer is more than 1%. That's why I see an impact on inflation next year, maybe somewhere between 1 and 1.5, 2 percentage points, which will come both from this turnover tax and somehow from the reduction of certain facilities regarding the payment of VAT", said Adrian Codirla?u, at the 4th edition of the Roinvest event.Similarly, the vice chairman of the Association CFA Romania considered that it is possible to have such episodes of reduction of the fiscal facilities next year as well.‘Next year, according to my opinion we will have another episode of increase of taxes, as we will not get to reach the target, under 3% of GDP. In any case, we will not reach it next year, maybe at the pace we have today, somewhere in 2025 – 2026’ explained Adrian Codirlasu, vice-chairman of the Association CFA Romania.
Romanian tech company OVES Enterprise has entered a strategic partnership with US-based MSI Defense Solutions to develop a new generation of AI-powered anti-drone and anti-missile systems. The collaboration marks a major step forward in defense technology, targeting the growing threat of autonomous aerial attacks on modern battlefields. MSI is a longstanding partner of the US […]
Romania’s highway network grew by 140 kilometers in 2024, reaching a total of 1,137 kilometers by the end of the year, according to new data from the National Institute of Statistics (INS). The increase comes as part of the country’s broader efforts to improve its transport infrastructure, with highways now making up 6.3% of the […]
Romanian prime minister Marcel Ciolacu again stated that Romania will not send any soldiers to the front in Ukraine, emphasizing that the commitment to allocate over 2% of the GDP for defense remains essential. The statements were made on Wednesday, April 23, during the Romanian Land Forces Day ceremonies. During the event, the official congratulated […]
Bihor County Council announced on Wednesday, April 23, that it signed a contract with Lufthansa for the operation of Oradea-Munich flights beginning this summer. The flights will be operated by Lufthansa CityLine with the Bombardier CRJ 900 aircraft, with a capacity of 90 seats in Business and Economy classes. The German airline will operate three […]
The leader of the Romanian far-right party AUR (Alliance for the Union of Romanians), George Simion, has reportedly cleared the signing of a USD 1.5 million contract with BGD Legal & Consulting to buy lobby services in the US aimed at resulting in interviews and meetings with American officials, according to
Evomag, the only online store in Romania active on all major marketplace platforms (eMAG, Trendyol, Glovo, Bringo, Tazz, and Decathlon), will soon complete its listing on Skroutz, the most important marketplace in Greece, and estimates an additional increase of at least 10% in sales achieved through this channel for 2025,
