PwC warns Romania's proposed tax on shifted profits would curb foreign investments

The new tax on shifted profit proposed by the government is significantly impacting the attractiveness of Romania as a destination for foreign investments, and it is far more restrictive than the similar regulation in Poland, mentioned by the authorities as a source of inspiration, according to a report drafted by PwC.

The consultancy firm salutes the authorities' plans to terminate the minimum tax on turnover, but notes that "a new obstacle is emerging in the path of Romania's fiscal competitiveness, already affected by the recent increase in taxation."