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.
Over a third of Romanians, around 35%, would vote for the opposition party Alliance for the Union of Romanians, or AUR, according to data from a CURS survey published on Sunday, November 2. A further 24% of votes would support the governing Social Democratic Party, or PSD. The two other parties included in the current […]
The Romanian government and one of the most important European arms manufacturers, Rheinmetall, signed a cooperation agreement regarding the construction of a powder factory on Monday, November 3. The value of the investment is EUR 500 million, and Romania may be able to secure EU funding for it through the Security Action for Europe program, which […]
More than twenty years after launching Flavours Group, Romanian entrepreneur Raluca Țeposu continues to shape Romania’s modern food and hospitality landscape through a mix of creativity, consistency, and care. What began in 2002 as a small catering company built on the simple idea that “food should be about joy, connection, and good energy” has evolved […]
North Bucharest Investments (NBI), a real estate investment and management company, reports a transaction volume of €161 million as of the end of October 2025. By the end of the year, the company anticipates a 25% increase compared to the average level of the reporting period, driven by sustained investor interest and new investment packages […]
Cambridge School of Bucharest (CSB), one of Romania’s leading British international schools, is delighted to announce its Open Days for Admissions for the 2026–2027 academic year, to be held on Wednesday, 19 November, and Friday, 21 November 2025, at its modern campus in Pipera. The Open Days provide prospective families with the opportunity to explore […]
Romania signed a Memorandum of Understanding regarding military cooperation with Egypt on Sunday, November 2. The understanding includes exchanges of expertise, joint exercises, and concrete projects in the field of defense. After the signing, defense minister Ionuț Moșteanu said that among the topics discussed with counterpart Abdel Mageed Ahmed Abdel Mageed Saqr were the security […]
