The Ministry of Finance could collect an additional RON 6.2 billion to the state budget by applying the minimum turnover tax, Daniel Anghel, Partner, coordinator of tax and legal services at PwC Romania, said on Friday."Of all the changes, I would say the most important is the minimum turnover tax, which, as you can see, will have the biggest impact. It's an estimate I made together with my colleagues. You heard, the taxation of turnover is an almost non-existent practice in developed countries, precisely because the size of the turnover does not automatically mean similar profits. Profit margins differ, obviously, from one economic sector to another, but also depending on the economic context. According to our estimates, you see, there will be 756 companies eligible to pay this turnover tax, 20 of which are credit institutions, and 335 companies would continue to pay 16% profit tax. The amount we estimate that the Ministry of Finance will collect as an extra by applying this tax, will be RON 6.2 billion in addition to the state budget", said Daniel Anghel, at the "Get ready for the fiscal new wave" conference, organized by PwC Romania.He mentioned that these estimates take into account only the balance sheet figures of the companies, as they were published in 2022 on the website of the Ministry of Finance, not the total revenues provided by the draft law, which, in certain situations, can be even higher.According to the representative of the consulting company, the turnover tax, as well as the consequences we can expect, will slow down the rate of economic growth in a volatile context anyway. It discourages investments, especially those undertaken by companies in the short and medium term.According to him, we have a collection that, unfortunately, places us at the bottom of the ranking in the European Union.
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 […]
Knauf Insulation, part of the Knauf Group, has invested EUR 140 mln in state-of-the-art production facilities and brought together world-class expertise to transform the Târnăveni plant in Romania into the most technologically advanced facility in Central Eastern Europe. Industrial services provider Bilfinger has played a significant role in the project by undertaking a comprehensive range […]
The seventh edition of Neversea, one of Europe’s largest beach music festivals, will not take place in 2025, the organizers announced. The event is now scheduled to return in 2026 in Constanța, Romania, after challenges in securing a suitable beach venue. Organizers from Untold Universe explained in a press release that they were unable to […]
