Many multinationals argue that the introduction of additional commercial rates or non -starting barriers would have a significant impact on their activity, which is why they consider the increase of prices or the relocation of the activity.
On the other hand, 57% of multinational states that the impact would be a moderate one, and to alleviate the effects of such measures, almost 30% would increase prices, and 16% would take into account production in another country or export to other markets, the Global Tax Policy Survey is shown.
According to him, the monitoring of the tariffs and reactions it generates is one of the key characteristics of the global fiscal policy in 2025, since they could replace certain national fiscal policies, in constituencies in search of competitive advantages globally.
The study analyzes the impact that five major fiscal themes have on the activity of multinational companies, respectively the aspects related to transparency and reporting (in the first place, as in 2024), followed by the digitization of the fiscal systems, the sustainability criteria (in the climb from the fifth place last year, with the mention that the study was performed before the major reporting requirements Sustainability in the European Union, through the Omnibus I package), international fiscal reform (minimum turnover tax – Pillar II of the OECD reform) and the fiscal implications related to the labor force.
The first theme – the aspects related to transparency and reporting – continue to concern the multinational companies through the administrative burden on an involve. Thus, 82% of the study participants estimate that, in the next two to three years, the requirements of transparency of fiscal data will increase, taking into account the obligations related to the country with the country (Public Country-Ben-Country Reporting-Public CBC) and the sustainability criteria.
Regarding the second theme, digitalization of fiscal systems, 86% of participants say that the national authorities continue to make progress in the adoption of the OCDE model (organization for cooperation and economic development 3.0 – a modern and digital administration. However, while 77% estimate beneficial effects, such as improving the relationship between taxpayers and fiscal authority, time savings and resources to fiscal compliance, etc., 22% expect to increase the costs and complexity of the reporting procedures. For example, there is more and more concern that automated processes, such as electronic invoicing, could introduce more complexity than simplification in tax reports, the study is still coming.
Sustainability, the third impact theme this year, which climbed two places compared to last year, represents an absolute priority for more than half of the study participants. At the time of data collection, over 90% of companies were expecting a major impact from the EU carbon adjustment mechanism (CBAM).
The minimum profit tax at the global level
As a result of the developments in the international fiscal reform (the implementation of the minimum profit tax at the global level – Pillar II of the OECD agreement), almost half of the study participants are expected to pay much higher taxes, while a similar percentage anticipates only a marginal increase in taxes because of this case.
From the perspective of the labor force, the fifth theme analyzed, the cross -border activity continues to represent a challenge for both companies and national authorities. In this case, most participants invoked the regulations related to the profit tax (76%), such as transfer prices and risks related to permanent headquarters, but also labor taxes (69%) and social contributions (58%).
“To the five impact issues analyzed in the study, the increasing uncertainty is added to the fiscal rules that govern the cooperation between several jurisdictions, such as the regulations issued based on the OECD recommendations or the European directives. In the past, these were the subject of large debates for years or even for decades, in some cases, but newer changes are recorded, which put companies in difficulty from the perspective of long -term plans.
Emergency modification of the reporting requirements regarding the sustainability, the commercial rates announced or imposed by the US to several countries and their countermeasures are just a few examples that surprised the international business community.
To these are added the EU announcement that financing the plans in the defense area could have as a source including a fee on companies that work and sell in the EU, with the turnover of at least 100 million euros. This uncertainty is also manifested on the multinational companies operating in Romania, so they should plead, individually or at the group level, to intensify international cooperation in the direction of ensuring the coherence and predictability of the regulations in the fiscal field ”said Dan Bădin, partner of fiscal services, Deloitte Romania.
How multinationals will be taxed in Romania
The multinationals will no longer pay the tax on the turnover, this being replaced with a new tax on the relationship with the affiliates. “We have 15 billion lei, calculated on 2024 in relation to affiliatesI ”, argued the Minister of Finance, Alexandru Nazare.
He added that the experts created a new tax formula, inspired by Base Erosion Tax, the tax that is used in the United States, “with a 3% trigger on these four categories of expenses, so that everything that exceeds this 3% is considered non -deductible. “
“In fact, what do we do? We allow some deductible expenses, but at a minimum level of 3%, everything that exceeds this 3%is charged by 16%, as such we expect an effect and increase the impulse on profit and expect a much clearer record of these areas that have always been susceptible to the export area of multinational profit.
This tax is, practically, will be built for 2026, based on the year 2024 and we believe that this profit export area will be much better targeted. Our proposal is that the new affiliate fee that we propose today to replace the turnover tax that currently operates in companies of over 50 million euros. Why do we want to replace? Because we want investments, because we have an economic growth in deceleration, because we have foreign investments that fall within the first five months of the year by 30% and because we have to be prepared at any time for a recession, having today's economic data that indicates this that we must be prepared at any time for a recession and we have to anticipate this. With the elimination of IMCA we expect companies, of course, to have a different attitude towards investments in Romania. This charge was in the current formula, from the time she was introduced to Parliamentt ”he added.
