Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. PwC: Romania ranks 49th of 190 economies in...

PwC: Romania ranks 49th of 190 economies in ease of paying taxes ranking

November 22, 2018

Romania ranks 49th of 190 economies in the global Paying Taxes ranking, established by PwC (Price WaterHouseCoopers), the country being among Central and Eastern Europe’s performers in terms of tax compliance legislation, with 163 hours per year, whereas at a global level, an average of 237 hours is required, according to a press release issued by PwC. As opposed to the previous year, Romania has lost 7 positions. In the PwC Paying Taxes Report, which measures the ease with which a medium company can pay its taxes and duties, Romania is placed before other countries from Central and Eastern Europe regarding the ease with which companies can pay their taxes, ahead of Bulgaria (92th), Hungary (86) and Poland (69), but is still behind the regional performers, such as the Baltic countries (Latvia – 13, Estonia – 14, Lithuania – 18). Regarding the number of taxes and duties payments, a medium sized company needs to make 14 payments per year, similar to last year’s situation. The Baltic states, together with Poland, are some of the most efficient from this point of view. The global average is 24 – similar to last year. According to PwC, in this year’s ranking, the total tax rate in Romania is over 40 percent, among the lowest at regional level, in line with the global average of 40.4 percent. “Romania’s position in the first third of the global ranking is a positive result, if we look at it individually. If we fully analyze the economic climate in which Romania is evolving, it becomes very clear that the tax authorities need to continue their investments in the fiscal infrastructure and technology. The higher the level of computerization and technology of the tax authority, the better the position in the ranking. And this can be very clearly seen in the Baltic countries, which occupy leading positions in the ranking. The new financial reporting technologies can streamline the internal processes of tax authorities, including control and verification mechanisms, and at the same time, they will be useful for the taxpayers as well,” Daniel Anghel, the leader of the Fiscal and Legal Consultation Department with PwC Romania said.

The post PwC: Romania ranks 49th of 190 economies in ease of paying taxes ranking appeared first on Nine O' Clock.

Read in full - click here
Film review – Gazing into the Past: Il Cinema Ritrovato & TIFF

June is the richest month. The most awaited two weeks in my annual festival pilgrimage. The route starts with Romania’s Transilvania International Film Festival (TIFF), followed by Italy’s (and the world’s) most comprehensive festival for restored and archival film: Il Cinema Ritrovato. To shake up the traditional article on the two, I’ll start with the […]

Different Beauty: Portraits from Donbas in David Těšínský’s Bucharest exhibition

Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]

Different Beauty: Images from Donbas in David Těšínský’s Bucharest exhibition

Different Beauty, a recently opened exhibition of works by Czech photographer David Těšínský, offers a glimpse into everyday life in the war-torn region of Donbas in 2017. The photos were taken within the span of only a few days, as Těšínský traveled to eastern Ukraine to document the lives of women impacted by war. In […]

Most Romanians do not trust AI without human intervention, survey shows

Roughly 70% of Romanians are “very” or “moderately” concerned about how AI accesses and uses their data, according to the latest survey conducted by RoCoach in partnership with Novel Research between May and June 2025.  Distrust in automated decision-making and the demand for regulation are becoming more pronounced, as Romania rolls out major digitalization projects […]

Armenian Street Festival to take place at Bucharest’s Botanical Garden in August

The Armenian Street Festival returns for a 9th edition between August 1 and 3, 2025, in the “Dimitrie Brândză” Botanical Garden in Bucharest. The festival brings into focus the living heritage of the Armenian community in Romania and the diaspora. According to the organizers, this year’s edition aims to strengthen the Bucharest–Chișinău–Yerevan cultural axis, articulated […]

M&A market in Romania registered transactions worth EUR 2.7 bln in first half of 2025

The Romanian mergers and acquisitions market registered a total of 122 announced transactions in the first half of 2025, with a value exceeding EUR 2.7 billion, marking a slight increase of 6% in volume and 4% in value compared to the same period last year, according to an analysis by George Ureche, partner at PwC Romania. […]