Government assumes responsibility: higher taxes on new properties and rules for companies and multinational
Prime Minister Ilie Bolojan presented in Parliament, the draft law on the measures of recovery and efficiency of public resources, for which the Government has assumed responsibility, announcing strict measures for inactive companies, increasing property tax and introducing rules of integrity to ANAF and customs.
Ilie Bolojan Photo Mediafax
The head of the Executive wants to eliminate the ghost companies and to recover billions from the debts, in the context in which there are over 460,000 inactive companies in Romania, of which one third have over 3.5 billion lei. The new regulations provide for the cancellation of companies that do not have a bank account or which do not deposit the financial statements for five months.
Bolojan also announced the increase of property tax and measures to prevent multinationals from transferring profits abroad.
We play below the speech of Prime Minister Bolojan:
“The measures we consider will bring to light the ghost companies. We want to have an environment in which the correct entrepreneurs are respected. It is scandalous to have dozens of companies with the registered office in the same apartment that are used as a screen for financial fireworks. We have over 460,000 inactive companies, and one third of them have state debts of over 3.5 billion lei. By reforming ANAF and fiscal collection, we introduce new fiscal risk criteria, staggering with real guarantees and clear terms, in support of those who pay, not to take time.
All traders, forced to accept payment by card
We introduce measures of financial discipline and prevent abuse. Companies that do not have a bank account or that do not deposit their financial statements in 5 months will be declared inactive. The newly established companies will be obliged to open payments in maximum 60 days. All traders will be obliged to accept the card payment.
Larger taxes on properties
We have updated the property tax in accordance with a commitment of Romania from the PNRR. The current form is a transition mechanism towards tax value. The property tax will increase, and the local authorities will have more money for investments without resorting to the central budget. We must be correct with the Romanians.
There is an important package of projects from Anghel Saligny, from PNRR, which, in many localities in Romania, have changed the face of communes and cities. In order to continue these investments because there are no resources from the central budget to be continued at the same rate, these additional revenues are needed in the budgets of the local authorities, to continue to ensure their co -financing.
Integrity tests and bodycams for tax inspectors
We introduce new integrity rules for ANAF and Customs inspectors. They will take integrity tests and in controls They will wear bodycams. For the first time, the goods confiscated by ANAF will be sold transparently on an electronic platform.
New rules for multinational
We introduce new rules for the assignment of social shares, rules that will stop the transfer of companies with debt. For the expenses by which multinational companies They could transfer their profits, administration and consulting fees, we set a ceiling of 1% of the total, over which these expenses become non -deductible. The purpose is to monitor the sensitive expenses and to stop the transfer of non -tax profit. The few billions that will be collected in addition to the budget will be able to go to better public services or to projects of interest for communities. All these fiscal reform measures will help us put order in finance, have more fair and equitable rules”.
