The government analyses the amendment of the taxation paid by HoReCa, namely the increase of the taxation for restaurants and hotels with high income, as well as for a possible increase of the taxation for the companies in the domain of gaming, supplementary to the plan to increase taxation for gaming to 40% announced for the first time in Profit.ro. The authorities intend to present a draft of ordnance with the fiscal amendments in the period to come. Thus, in HoReCa, the specific tax would not be lower than 1% of the turnover. The specific tax paid by HoReCa, very advantageous for units and hotels with high income, was on the agenda of the Coalition and at the beginning of the discussions. Initially, there was considered the elimination of the specific tax and change of these companies to the profit tax, but later this proposal was given up. Now keeping the specific tax, but with the introduction of new criteria, the tax paid will take into consideration the income obtained.The specific tax is a special regime of taxation which in favour of restaurants and luxury hotels, with high profitability which pay very small sums as tax. This type of taxation was introduced in 2017 and is calculated according to a specific formula, depending on the capacity of hotels or surface of the restaurants. The HoReCa companies were exempted from the payment of specific tax during pandemics, in the context where activity was troubled by the restrictive measures of the authorities.
Former US first lady Michelle Obama, the wife of Barack Obama, was in Bucharest on Thursday, September 18, to serve as the main guest at the second edition of the Impact Bucharest series of conferences. The former first lady spent about an hour in front of a large audience, speaking about her childhood in a […]
Czech president Petr Pavel spent a few days in Romania at the beginning of September while on holiday. According to statement by the Romanian Embassy in Prague, the Czech leader traveled mountain routes by motorcycle and chose modest accommodations. Pavel tried to see as much of what Romania had to offer. He planned his routes, […]
Romania is taking tangible action toward its green transition through sustainable infrastructure projects, public‑private partnerships and green bonds. Experts, government officials and business leaders have gathered today at the CES Bucharest ESG Conference, to present progress and identify solutions through which the public and private sectors can collaborate to build a sustainable and competitive economy. […]
Prime minister Ilie Bolojan announced that he will visit Brussels next week to talk to three European commissioners about deficits, defense, and EU financing. The first meeting will be with the commissioner for economy, Valdis Dombrovskis, as Romania “must adjust the issues related to deficits to be a trustworthy country, so as not to continue […]
A large majority of Romanians, namely 85%, have heard of celebrated composer George Enescu, according to the third edition of the Informat.ro – INSCOP Research Barometer conducted earlier this month. However, the survey shows a slight decline in cultural awareness compared to 2013, particularly among younger generations. The
The volume of trade between Romania and China was almost USD 9.3 billion in 2024, according to official statistics. Trade between the two, however, is not balanced. Romania registered a USD 7.7 billion deficit with China, and a USD 2.1 billion deficit in the first quarter of 2025 as well. The People’s Republic of China […]
