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.
A new CURS poll published on Sunday, June 29, shows that if local elections were held in Bucharest next Sunday, reformist party USR would obtain 27%, followed by the Social Democratic Party (PSD) with 22%, and far-right party Alliance for the Union of Romanians (AUR) with 18%. The National Liberal Party (PNL) comes in fourth, […]
Last week, the European Public Prosecutor’s Office (EPPO) in Bucharest indicted three individuals for an EUR 100 million fraud in a case involving both EU and national funds. Among those indicted is an Italian citizen, alleged to be the leader of the group, which operated between 2019 and 2024. The suspect was detained on February […]
The number of building permits for residential buildings increased by 0.6% in the first five months of 2025 compared to the same period in 2024, with 14,134 such permits issued, according to data published Monday by the National Institute of Statistics. Increases were recorded in the Western region (+166 permits), Center (+70), North-West (+68), South-East […]
Cluj-Napoca, a major city in Romania’s Transylvania region, is taking a step toward becoming a more animal-friendly city, as a new proposal allowing pets in public institutions has been opened for public debate. Mayor Emil Boc announced the initiative, stating, “A city that is friendly to animals is a better city for people.” The draft […]
The president of S.O.S. Romania, Diana Iovanovici Șoșoacă, announced on Monday, June 30, that three senators were expelled from the party, effectively disbanding the party’s group in the Senate. According to the Romanian Parliament’s regulations, a party must have more than seven members to establish a group in the Senate. With the expulsion of the […]
Chinese social media platform TikTok has reportedly opened a branch in Romania, following public criticism, along with governmental and EU-level scrutiny, after Romania’s last presidential elections. The local company is called Tik Tok Romania, has a share capital of RON 5,000, and provides other IT-related service activities. It will be managed by Laura Andreea Savu, […]
