PM: Romania to keep flat tax until 2016 or until EU imposes unitary tax level
Romania will keep its flat tax of 16 percent, even when tax levels of 8 and 12 percent are introduced for people with lower incomes, between 2012 and 2016 or until the EU imposes a unitary taxation level, said Romanian Prime Minister…
Romania Insider · Journalist
· Updated · 1 min read
Romania will keep its flat tax of 16 percent, even when tax levels of 8 and 12 percent are introduced for people with lower incomes, between 2012 and 2016 or until the EU imposes a unitary taxation level, said Romanian Prime Minister Victor Ponta.
He said that Romania and Bulgaria are currently involved in wholesale "fiscal dumping," compared to Germany, where a tax of 45 percent is applied in some cases. His statement came after a recent, more ambiguous comment, which was misinterpreted by some of the Romanian media. The PM said the flat tax would have to be kept, but the fiscal revenues somehow raised; the media this as meaning that the flat tax would have to be raised. editor@romania-insider.com
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