Most Romanian companies (94%) expect to pay more taxes in 2024, Alex Milcev, head of EY Romania's Fiscal and Legal Assistance department, said Thursday, citing a survey conducted by the company."The first question is whether you expect your company to pay more taxes in 2024. It seems, of course, a question to which everyone should answer 'Yes'. Pretty much everyone answered, that is 94%. But the interesting part is the next question, namely the reasons for these tax increases. And the answers are very interesting. 68% blame the legislation. This is also correct because that is how this legislation was designed, so that we all pay more to the state budget to a greater or lesser extent. But the next criterion, with 36%, is the 'business growth' criterion. That is, the increase in taxes is due to the fact that the business is doing well," said Alex Milcev, at the EY Annual Tax Conference 2024.As a reason for increasing taxes 32% of participants mention the political context and the pre-election period, 32% inflation, which leads to a nominal increase in revenues, 18% the need to align with newly introduced international requirements, and 32% all the reasons listed above.When asked "How do you rate the government's measures to increase taxes in 2023 and 2024?", 37% of participants answered that these were unavoidable and 30% avoidable.When asked "What alternatives do you think would be available to avoid tax increases?", most respondents, 70%, mentioned combating tax evasion.Participants were also asked about increasing the efficiency of the tax system in Romania. Most, 76%, pointed to the digitisation of the National Agency for Tax Administration (ANAF) and the improvement of the level of training of tax inspectors.Participants were also asked about the impact of the new minimum turnover tax (0.5%/1%/2%) on their business in 2024. 48% said it would have no impact, 31% a significant impact, 14% a very significant impact, and 7% an insignificant impact.
In the context in which agri-food systems are responsible for almost one third of global greenhouse gas emissions, Auchan Romania assumes an active role in the transition of its supply chain toward a more sustainable model. At the second edition of the Climate Supplier Event, organized under the aegis of the Climate Change Summit, the […]
Janiva Magness, the winner of seven Blues Music Awards following 26 nominations, and nominated for a Grammy for a career spanning 17 albums, is set to perform at the 14th edition of the Brașov Jazz & Blues Festival, which will take place between August 14–16, 2026. Magness is one of the most valuable and influential […]
Auction house Artmark announced a major auction for this winter featuring an engraving created by Francisco Goya, the most important Spanish artist of the late 18th and early 19th centuries. Romania's late communist leader Nicolae Ceaușescu received this gift from King Juan Carlos I as a gesture of diplomacy. The engraving entitled “The Engagement – Capricho […]
Authorities managing Romania's Bicaz Gorges–Hășmaș National Park has built a fish ladder system on the Bicaz River, which will allow protected species to migrate and reproduce. There are several bridges and small bridge structures in the Bicaz River that have a “bottom sill,” meaning small waterfalls. Fish that do not jump like the trout cannot […]
The far-right opposition parties in the Romanian Parliament are set to file a motion of no confidence against the government headed by prime minister Ilie Bolojan. The motion, authored by senator Ninel Peia of the Peace – Romania First group, is specifically aimed at the reformist party Save Romania Union (USR), and is entitled “Romania […]
Romania's iconic rock singer Adrian Pleșca, known as “Artan,” died on Tuesday, December 2, after a fatal stroke, at the age of 64. The artist founded the well-known band “Timpuri Noi” in 1982 and “Partizan” in 2001, and was popular on the Romanian rock scene. Over the years, he left and returned to the two bands. Several […]
