Grim forecasts for tax income revenues from banks in Romania

Romania’s 2015 draft budget estimates that the income tax revenues from commercial banks will go down by 40% in 2015 compared to 2014. Next year, the Ministry of Public Finance expects to collect EUR 37 million revenues from the commercial banks, while in 2014, the revenues amounted to EUR 61.5 million, reports local Capital.ro.In 2013, tax income revenues dramatically collapsed to only EUR 12.2 million. The Ministry of Public Finance’s forecasts for 2016 and the following year are grim. The revenues will amount to EUR 38 million in 2016, EUR 40 million in 2017 and EUR 42.8 million in 2018. editor@romania-insider.com