Romanian Companies Complain to BNR About High Taxes and Bureaucracy

0

Get real time updates directly on you device, subscribe now.

In a survey conducted by the National Bank of Romania (BNR), the majority of companies cited fiscal problems as their main concern. High taxation levels were identified as the primary difficulty by 61% of respondents, followed by the unpredictability of the fiscal environment (56%), the high number of fees and taxes (48%), bureaucracy (48%), and mandatory regulations (33%).

The survey is carried out every six months by the NBR in March and September. In the current edition, it took place between March and April 2024.

The importance of these issues varied with company size: SMEs placed greater emphasis on the level of taxation, number of taxes, and bureaucracy, while corporations were more concerned with the unpredictability of the fiscal/legislative environment and mandatory regulations.

More than half (56%) of Romanian companies perceived a deterioration of the economic situation at the national level in the last six months, according to the results of a survey carried out by the National Bank among more than 11,000 companies.

DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.
So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

Leave A Reply

Your email address will not be published.