A smaller brake is still a brake, president of the Concordia Employers' Confederation Dan Sucu told a press conference on Thursday, referring to the coalition's decision to reduce the minimum tax on turnover to 0.5% starting on 1 January 2026 and to eliminate it in 2027.
'As a principle, a smaller brake is still a brake,' Sucu replied to a question on the subject.
The Concordia Employers' Confederation argues that this decision merely halves the problem.
'Eliminating this tax would have freed up 1.3-1.5 billion lei in the economy for productive investments in essential sectors such as IT&C, trade, transport and manufacturing. The minimum tax on turnover will continue to discourage and block investments in high value-added sectors, affecting companies' ability to develop and compete in the region and on international markets,' the employers' confederation says.
The governing coalition, which met on Wednesday at Victoria Governmental Palace, announced that it had reached an agreement on reducing the minimum tax on turnover to 0.5% starting on 1 January 2026 and eliminating it in 2027.
Law No. 296/2023 introduced the minimum tax on turnover for taxpayers who recorded turnover of more than 50 million euros in the previous year and whose corporate income tax is lower than the minimum tax of 1% on turnover. These taxpayers are required to pay corporate income tax at the level of the minimum tax on turnover.
Comentează