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.
A violent storm with extremely strong winds struck the popular mountain town of Sinaia, Prahova Valley, on July 9, causing significant damage, injuring at least 16 people, and disrupting transport and local infrastructure. Historical sites in the city have also been affected. Authorities had issued a message via the RO-Alert system ahead of the storm, warning […]
Bogdan Mircea Petre, one of the lawyers who represented far-right politician Călin Georgescu, is allegedly involved in a case of sexual assault after he was caught in the act during a meeting with a minor, according to Digi24. The “sting operation” was organized by Alex Costandachi, known in the public space as Justițiarul...
Roughly 8 out of 10 chief financial officers, or CFOs, from Romania’s largest companies say they now need constantly updated financial forecasts, unlike previous years when the focus was primarily on financial results, budgeting, and accounting, according to Inulta, a company specializing in Corporate and Enterprise Performance Management. The forecasts come to offer a degree […]
Romanian prosecutors have placed a precautionary seizure on the accounts and assets of the mercenary Horațiu Potra, in a case of tax evasion, embezzlement, and money laundering. The measure targets over RON 24 million, nearly 30 kilograms of gold, a property in Bucharest, and 11 properties and apartments in Sibiu. According to investigators cited by […]
The first sales figures from two of the largest European markets, France and Germany, both major markets for the Dacia brand, show that the debut of the carmaker's largest SUV, the Bigster, has been impressive. June data on car registrations in Germany show that the Dacia Bigster managed to sell 1,227 units in its second […]
After a 2024 marked by adaptation and consolidation, Romanian eCommerce entered 2025 with a more restrained dynamic. According to MerchantPro Compass, the biannual analysis conducted by MerchantPro, a SaaS eCommerce platform supporting over 2,000 active online stores—the first half of this year confirms a paradigm shift: it’s no longer about how much you sell, but […]
