He added the tax was not intended to increase taxation, but was set up to fight against fiscal evasion.
"We have a certain budget projection that allows us to cover the deficit. We will see how the Romanian economy evolves and we will analyze, with the Finance Ministry, the impact of this tax. We will make evaluations and we will present you the data afterwards," Boc stated.
As of May 1, Romania’s Government introduced an annual minimum tax of 2,200 lei (EUR1=RON4.1529) for companies with revenues of maximum RON52,000, and a tax of at least RON43,000 for companies with revenues exceeding RON129 million.
The minister for the Small and Medium-Sized Enterprises, Constantin Nita, announced Friday that he will propose the Government to eliminate the minimum yearly tax as of this fall.
He said the minimum annual tax is a temporary measure and might be eliminated this fall, depending on economic results, or the authorities might find another solution, such as not levying taxes on companies with turnovers of up to EUR50,000.
Boc said Saturday that he will verify, alongside the Finance Ministry, the impact of the minimum tax on companies, specifying that the new tax, introduced to fight against fiscal evasion, was not well enough understood and explained.
Sorin Dimitriu, the head of the Chamber of Commerce and Industry in Bucharest CCIB said Tuesday that around 30-35% of companies in Romania, respectively over 200,000 companies with no revenues or employees, will be shut down after the introduction of the minimum annual tax.