Romanian PM Assures 16% Flat Tax Remains Unchanged For The Moment

Romania’s Government currently has no plans to either increase, lower or eliminate its 16% flat tax, although it is considering different scenarios, Prime Minister Emil Boc said Sunday.

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"We are currently not talking about raising or lowering the flat tax. We are considering different scenarios but, I repeat, the flat tax currently stays at 16%," Boc said.

Boc said Friday the Government will scrap the minimum tax imposed on companies as of this fall and keeping the flat tax level at 16% is the Government's priority.

"The minimum tax will be eliminated starting with the fall. The minimum tax already produced its intended effect and it will be cancelled in the fall," Boc said.

He said the authorities will leave the 16% flat tax unchanged, as an alternate, progressive taxation would not bring additional revenue to the state budget.

Also Friday, Economy Minister Adriean Videanu said the minimum tax could be eliminated as of October 1 or November 1.

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