Romania: Planning progressive Income Tax

Posted on Updated on

The Government of Romania is planning to replace the flat tax on corporate income with a tax on turnover and this could be effective as early as 2018.

The company revenues in Romania are currently taxed at a rate of 16%, but this could be replaced by a progressive tax on company turnover of 1 to 3%. The Government is also planning to delay the reduction of standard rate of value-added tax by 1% until 2019, which is currently taxed at 19%.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s