AmCham Romania states support for flat tax

AmCham, one of the most powerful business associations in Romania, says it firmly supports maintaining the current flat tax that proved to be the most efficient fiscal policy for Romania’s economy. The organization made this statement in the context of the recent information in the media on the Government’s intention to introduce the global income tax. “Given the incapacity of the current tax administration infrastructure to accommodate the flow and volume of data to be incurred by the proposed system, we consider that introducing a mechanism of such complexity and novelty that will pose difficulties to the population at large, must be avoided,” AmCham stated. “At the same time, we believe that the transfer of the payment obligations for the social contributions from the employer to the employee also recently announced in the media, needs an integrated approach and thorough consultations as it carries significant changes of the fiscal framework and it impacts the taxation level of salaries,” the organization’s representatives said in a press release. AmCham Romania is deeply concerned by the introduction of major changes in the fiscal policy in a timeframe that does not allow enough time for proper consultations with all stakeholders. Romanian Finance Ministry: Global tax on household income, a concept under analysis Romanian finance minister: Social contributions will only be paid by employees editor@romania-insider.com