Companies active in the services sector may pay a lump-sum tax starting the second quarter, which may reduce the administrative burden stemming from the payment of the profit tax, according to Maria Grapini, delegate-minister for SMEs, Tourism and the Business Environment.
The tax will be applied for certain locations in the services industry such as tourist pensions, bars, restaurants or beauty salons, in which the administrative expenses for paying the profit tax is larger both for the entrepreneur and the state, according to the ministry.
The ministry is currently discussing with the business environment the type of companies that will be taxed. Grapini said that if the impact study for this tax is not completed in the first quarter, it will not be applied this year.
The voluntary compliance of entrepreneurs and the simplification of the control procedures would be some of the benefits of the lump-sum tax, says the ministry.
Authorities have yet to establish the minimum turnover required for this tax. Those who won’t pay the new tax will undergo 15 fiscal controls yearly.