Romania Plans To Introduce Differentiated Corporate Income Tax

Romania's proposed finance minister Ionut Misa said Thursday the government plans to introduce a differentiated tax on income for all companies, in three gradual stages, of 1%, 2% and 3%, respectively.

36 views

“There will be three tax rates on companies’ turnover. Starting with a 1% tax rate on micro-enterprises with up to EUR500,000 turnover, the tax rate is envisaged to grow progressively to 2% and 3% (...)”, said Misa.

Misa also said an analysis would be conducted in each sector of activity, because there is a distinct profit margin in each sector.

Romania’s new government wants to eliminate the profit tax and introduce a differentiated income tax for all companies in Romania, in three gradual stages.

Citeşte şi: Canada’s Gabriel Resources Sues Romania For $4.4B

Citeşte şi: ANCOM: Average Fixed Broadband Internet Download Speed In Romania Up 78% On Year In 2016

Citeşte şi: Romania to Eliminate Mandatory Private Pensions

Citeşte şi: BNR Exchange Reference Rates of June 29

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.