Romania Insider

Profit tax no longer paid beforehand, Govt decides

Companies and registered individuals will no longer have to pay their profit tax in advance, as it was initially planned, the Romanian prime minister Emil Boc has announced. This will be delayed until 2012. Paying the profit tax beforehand would have increased the state budget revenues but would have been a burden on small businesses and on registered individuals struggling to keep their business afloat.

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Romania Insider

Profit tax no longer paid beforehand, Govt decides

Companies and registered individuals will no longer have to pay their profit tax in advance, as it was initially planned, the Romanian prime minister Emil Boc has announced. This will be delayed until 2012. Paying the profit tax beforehand would have increased the state budget revenues but would have been a burden on small businesses and on registered individuals struggling to keep their business afloat.

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