tax on turnover

The Government is set to adopt, in its sitting on Thursday, an emergency ordinance which brings several fiscal amendments. Among them the increase from 2% to 3.5% of the share of the income tax on natural persons that can be allocated to…

Finance Minister Ionut Misa has announced on Thursday a major change for 450,000 companies with a turnover below EUR 1 million. Misa has announced in the Government sitting that these companies will pay as of next year a 1% tax on turnover…

President Iohannis has slammed again the Government’s oscillations on the tax on turnover, initially endorsed and then abandoned. “If new notions are introduced in the public debate by a coalition that has majority in Parliament, and if…

Prime Minister Mihai Tudose has announced on Monday, after the ruling coalition’s sitting, that the tax on turnover will not be enforced, mentioning that other means will be found so that the economic players ‘who believe they are smarter…

Three days after the Mihai Tudose cabinet was sworn in at Cotroceni Palace, the first signs of discord between the new Premier and PSD leader Liviu Dragnea have appeared, sources say. Allegedly the Prime Minister called the social-democrat…

A final decision regarding the option to apply the tax on turnover for companies will be made by Premier Mihai Tudose after the outcome of the ongoing simulations, government sources say. Reportedly, the Prime Minister does not agree…

The measures in the new governing programme create a feeling of crisis and reflect a real despair on the state budget collection, Florin Pogonaru, President of the Romanian Businessmen Association (AOAR) and President of the Romanian…

The new governing programme significantly changes the tax policies, it complements, modifies or prolongs the implementation of many previous measures, includes decisions for SMEs, but also increases the pressure on the business environment,…

The new governing programme provides, among other fiscal and budgetary measures announced, one measure that will have an impact on all companies in Romania, which will no longer be taxed according to the profits, but on the turnover,…