Romanian business community argues against minimum turnover tax IMCA
The minimum turnover tax (IMCA) for companies with a turnover above EUR 50 million, which the government was planning to replace but changed its mind and kept in place under the second package of budgetary reforms, is not addressing tax…
iulian ernst · Journalist
· Updated · 2 min read
The minimum turnover tax (IMCA) for companies with a turnover above EUR 50 million, which the government was planning to replace but changed its mind and kept in place under the second package of budgetary reforms, is not addressing tax evasion but is hindering investment, hence economic growth, the business community argued in a joint message published by News.ro.
The political support for IMCA is uncertain, but it is most likely to come from the Social Democratic Party (PSD).
