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 citizens residing in Bucharest can apply for the new electronic ID card (Carte Electronică de Identitate – CEI) starting Thursday, April 24, the Interior Ministry announced. Authorities estimate that the new ID will be available nationwide through the local public community services for personal records within the next two months. Romania began issuing the […]
Bucharest hosts another Open Streets weekend, a large pop culture convention, and one of the year’s top running events, while a festival of marching bands is on in
Interim president Ilie Bolojan has convened the Supreme Council of National Defense on Wednesday, April 30, to discuss essential defense topics such as Romania’s participation in the ReArm Europe Plan/Readiness 2030, the draft Law on National Defense of Romania, and the National Plan on Military Mobility. Other topics concern the draft Law on certain measures […]
The photography exhibition World Unseen, which allows both blind and sighted visitors to experience images through touch and sound, is opening its doors in Iași after attracting over 100,000 visitors in Bucharest. Hosted at the Palace of Culture, the exhibition will be on display from April 29 to July 29. Organized by Canon Romania in […]
Brașov-Ghimbav International Airport in central Romania recorded a total of 56,897 passengers in the first quarter of this year, more than double the number from the same period in 2024, when 27,885 travelers were registered. According to statistics published by the Romanian Airports Association, the Brașov-Ghimbav Airport has returned to 9th place in the national […]
DAAS Epta Romania, part of the international Epta group, is set to open the first Training Center for refrigeration technicians in the country with an EUR 500,000 investment. The company also announced the accelerated expansion of the remote monitoring service center, or TLM. The Training Center is a pilot project developed based on the model […]
