Keeping in place 1 pct turnover tax on multinationals - expected to bring RON 1.2 bn to the budget (PSD)

Acting Chairman of the Social Democratic Party (PSD) Sorin Grindeanu said on Monday that the Social Democrats' amendment for keeping in place the 1% turnover tax for multinational companies will have a positive impact of approximately RON 1.2 billion on the state budget.

"In the fiscal package proposed by the Finance Ministry, due to our intervention, the turnover tax on multinational companies was maintained. This is an extremely important point (...) - as we are talking an impact of somewhere around RON 1.2 billion that would otherwise have been lost," Grindeanu declared at the Palace of Parliament after the meeting of PSD's National Standing Bureau, agerpres reports.

Among the amendments proposed by the PSD which were also accepted, he mentioned "a few elements related to the overtaxation of large fortunes" and "the increase in the tax on cryptocurrencies from 10% to 16%".

He also announced that the PSD will propose a series of economic recovery measures that are "absolutely necessary and which must be part of the next package, a draft the government will also pledge responsibility for in Parliament."