Businesses call for predictable taxation

Newsroom 28/04/2014 | 13:26

AmCham Romania, the business advocacy group, has presented its tax-related priorities during the first AmCham members’ meeting at large with the minister of finance, held on April 15.

In AmCham’s view, the priorities that should be reflected in the tax legislation going forward include maintaining the current flat tax of 16 percent for companies and individuals as a key competitive advantage and the real reform of tax authority ANAF.

Companies are waiting for the authorities to finalize the rewriting of the Fiscal Code and Fiscal Procedure Code to which AmCham members contributed last year, along with other business advocacy groups.

The government should strengthen and expand tax incentives for activities in IT and research & development, and should put in place aid schemes to boost the creation of new jobs in key sectors.

Companies also want modern and simplified tax legislation and are calling for the reduction of taxes that harm the business environment such as the special tax on constructions and the local tax on buildings.

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