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PwC: Romania, below the CEE average regarding the total tax rate, globally ranks 55th out of 189 states on the ease of paying taxes

Romania stands 55th of 189 countries analyzed in a PwC global ranking that measures the ease in payment of taxes for an average company, the total tax rate falling from 43.2% to 42%, a level close to the global average of 40.8%.
“The fact that Romania is ranked for the second consecutive year in the first third of the Paying Taxes rankings is positive. By reducing CAS in the autumn of 2014, Romania has managed to decrease the total tax rate compared to last year from 43.2% to 42%. So, in this year, Romania ranks ahead of Bulgaria (88th), Czech Republic (122nd), Slovakia (73rd), Poland (58th) and Hungary (95th), but after Croatia (38th), Slovenia (35th) and the Baltic States (Estonia 30th, Latvia 27th and Lithuania 49th),” said in a statement Mihaela Mitroi, leader of the Tax and Legal Consultancy Department with PwC Romania.
Thus Romania is below the average states in Central and Eastern Europe in terms of total tax rate. The CEE average was 45% and the global average of 40.8%.
Romania stands on the 55th position in the PwC Paying Taxes 2016 global rankings, which measures the ease of payment of taxes for the typical company in 189 economies around the world.
With regard to the time required to comply with the tax laws, Romania is among the performers of Central and Eastern Europe, with 159 hours per year compared to a regional average of 218 hours and 261 hours globally.
According to PwC, regarding the number of payments of taxes, a medium sized company in Romania has to make 14 tax payments annually, compared to a regional average of 9.5 payments and a global average of 25.6 payments.

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