VAT companies biggest challenge in their relation with the tax authorities
The “Romanian Taxation – X-Ray of an Incomplete Reform” survey conducted by Deloitte Romania – a CFO survey on Romanian taxation stressed the need for authorities to develop a medium and long-term fiscal strategy and focus on reducing the frequency of legislative changes (34%).
Considering the current budgetary constraints, the companies that participated in the survey have expressed their concern towards a possible increase in social insurance costs (36%), in the value added tax (25%) and increase in the profit tax (22%).
On the other hand, only 17% of the surveyed said the elimination of single tax for income tax and the reintroduction of the progressive tax would have the worst impact on their business.
Considering the current budgetary constraints, the companies that participated in the survey have expressed their concern towards a possible increase in social insurance costs (36%), in the value added tax (25%) and increase in the profit tax (22%).
On the other hand, only 17% of the surveyed said the elimination of single tax for income tax and the reintroduction of the progressive tax would have the worst impact on their business.