Only 10-11 banks out of 32 existing on the Romanian market would qualify for the 2% tax because they have an asset market share of less than 0.2%, says Diana Coroabă, partner at PwC Romania.
"Banks will owe an additional tax of 4% on income earned between July 1, 2025 and December 31, 2025. In 2026, the tax will remain 4% on all income. Between January 1 and June 30, 2025, the rate remains at 2%. There is an exception to this 4% tax rate for banks that have a market share of less than 0.2%. For such market share, the year 2024 is taken as the reference year and it is calculated as the share of the bank's net assets in relation to the total net assets of the banking system. From our information, there are 32 banks existing as of January 1, 2025, of which only 10-11 would qualify for the 2% tax. So, there would be banks that would have a market share below 0.2%. But I mention that these banks are either niche banks or bank branches with limited activity in Romania. Banks with high activity, with large assets, will all enter, of course, at the increased tax rate," Coroaba told a PwC Romania conference on the implications that the recent package of tax measures announced by the government will have on taxpayers.
On Monday in Parliament, the government assumed responsibility for a first package of fiscal measures to narrow the government that include an additional tax on credit institutions. Thus, credit institutions with a market share of less than 0.2%, a tax rate of 2% is suggested, with the market share being established on the basis of the average market shares of the previous year,
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