The fight against tax evasion cannot be seriously discussed without addressing the issue of inactive companies, and for this reason, we are bringing all these companies to light and forcing them either to declare their activity again or be dissolved, liquidated and struck off, said Finance Minister Alexandru Nazare.'We cannot seriously talk about combating tax evasion without authentically addressing the situation of inactive companies in Romania. It is time to dismantle this cover behind which over 460,000 inactive companies have been hiding. It's not fair. It's not fair to the taxpayer who meets their obligations to the Tax Authority to have so many companies ignoring theirs, operating under the radar and carrying out all sorts of evasion and fraud schemes without proper control. We are bringing all these companies to light and requiring them, within a period of one month and three months, either to declare their activity again and operate legitimately or be dissolved, liquidated, and struck off, because we must impose order in the way we treat these companies, especially for those who behave correctly. For all companies that act correctly,' Nazare said in a video message posted on his Facebook page.The minister stressed that over 120,000 of the inactive companies have debts amounting to 3.5 billion lei, and nearly 300,000 have been inactive for over five years.'We cannot build a fair economy as long as phantom companies block the market and create unfair competition for entrepreneurs who work hard and pay their taxes on time. Therefore, in the second package of measures, we are proposing new criteria for declaring a company inactive - such as not having a bank account and failing to submit annual financial statements within the legal timeframe - as well as limiting the period during which a company can remain inactive (a maximum of one year for fiscal inactivity, and a maximum of three years for voluntary inactivity),' the minister of Finance added on the social media platform.
The gross income of employees who worked full-time under a labour contract and were paid for the entire month of October 2024 was RON 8,374, more than a quarter above the basic gross salary of RON 6,553, according to data from the National Institute of Statistics (INS) published on Friday.Around 40% of these employees earned […]
Over 31,600 building permits for residential properties were issued in the first ten months of this year, up 4.1% compared with the same period last year, according to data from the National Institute of Statistics (INS) published on Friday.Increases were recorded in all development regions: West (+297 permits), Centre (+235), North-West (+192), North-East (+134), South-East […]
VAT revenues increased in the third quarter of this year by 6.74 billion lei compared to the same period last year, totaling 35.48 billion RON, out of a total of 94.75 billion RON for the first nine months of 2025, according to data transmitted on Monday by the Ministry of Finance.Of the amount of 6.74 […]
Banca Comerciala Romana (BCR) listed on Friday a new bond issue on the Regulated Market of the Bucharest Stock Exchange (BVB), worth 1.12 billion RON, the BVB said in a release.This is the 11th bond issue listed by BCR on the Stock Exchange to date, bringing the total value of BCR's listed bonds close to […]
Romania's insurance sector is strengthening its performance against the backdrop of a dynamic market undergoing significant structural transformation, according to a new study on developments in the insurance markets of Central and Eastern Europe, conducted by a consultancy firm in partnership with a research provider."Romania stands out as one of the most dynamic insurance […]
The minimum turnover tax is a barrier to investment, and in a period when the private sector is undergoing restructuring and layoffs, it adds additional pressure on companies, according to a letter signed by 14 investor organizations that once again request the elimination of the minimum tax."In view of the discussions on the construction […]
