Eyes on Romania

Around half of the companies in Romania will pay higher taxes if the Government introduces in 2018 the turnover tax instead of the current profit tax, according to an assessment by Iancu Guda, the president of the Financial-Banking Analysts Association in Romania (AAFBR).

At the same time, one in three active firms risk going insolvent if the Government goes through with the turnover tax.

The assessment looked at three possible scenarios and took into account the latest available data on the companies’ financial situation. A total of 651,499 companies reported their financial results in 2015, 27% of which had no activity. 

Published in Economy
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