14:27, 12 Feb. 2025
He said that by introducing a minimum tax, the “lesser evil” was chosen, avoiding an increase in VAT or the flat tax.
Referring to the possibility of eliminating the minimum tax this fall, brought up by the Minister for SMEs, Boc said that no Romanian law is eternal and that fiscal policies may be adjusted “from time to time.”
The minimum annual tax, set according to the company’s income, entered force on May 1. The tax is between RON2,200 (EUR1=RON4.1380) and RON43,000.
The number of suspension requests filed by companies at the Romanian Trade Registry in the last four days of April was 10,000, thus, the total requests reached 14,035 in April, a 13-fold increase compared with 1,055 in the same period a year earlier, according to the Trade Registry data.
Finance Minister Gheorghe Pogea said the figures are a consequence of the introduction of the minimum tax, but reflect normal market evolution, recorded in previous years.
Minister for SMEs Constantin Nita said Friday that he will suggest to the Government to eliminate the minimum tax in fall of this year. He said the tax is a temporary measure and could be written off this fall, depending on economic results, or find another solution, such as not apply the tax on companies with a turnover of up to EUR50,000.