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Romanian Businessmen Association Asks Govt For 3-Yr Fiscal Strategy

Romanian Businessmen Association AOAR asked the government and the Finance Ministry to draft a fiscal strategy for at least 3 years, saying that the government's contradictory statements on various fiscal measures in 2009 and 2010 are confusing for the business environment. Constantin Nita, the minister for Small and Medium-Sized Enterprises, Trade and Environment Business, stated Friday that the SMEs Ministry will propose the Government to drop the minimum yearly tax in the autumn.

According to a government decision, starting with May 1, companies will pay an annual minimum tax based on their revenues. Thus, a company will pay a 2,200 lei (EUR1=RON4.1380) tax if its total revenues do not exceed RON52,000, while the maximum ceiling was set at RON43,000 tax for revenues exceeding RON129 million. AOAR also reminded the Finance Ministry that it promised in January a multiannual budget schedule, for a better predictability of the state budget and the public money spending. The association representatives consider inacceptable the continuous issuing of emergency ordinances amending the Tax Code, the Tax Procedure Code and other regulations.

AOAR also noticed a lower transparency of the Finance Ministry activities, mainly as regards the public investment funding, triggering concerns as regards the spending of the public money to support the economy.Thus, the businessmen association asked the government for new consultations regarding the supplementary economic measures necessary to fructify the economic growth resources starting with 2009.

Prime Minister: Poll tax, the least bad solutionPrime Minister Emil Boc explained that the Executive had no other alternative but to introduce the poll tax, adding that "a law is not forever, especially amid crisis". Minister Constantin Nita explains in which context he would propose the abolishment of poll tax.

Premier Emil Boc said the Minister of Finance would revise the books of companies who idled activity in order to dodge the tax hike and commented that a "law is not forever, especially amid crisis".He outlined that this is a minimum tax and not a poll tax and the two don't aggregate themselves but on the contrary they are deductible. Boc said the impact of enforcing the minimum tax is 300 million lei.

The Prime Minister told Realitatea TV that the introduction of minimum tax was "the least bad", compared to the raise of VAT or flat tax which would affect the entire population. "We will examine the full extent of the impact (...) I think the introduction of poll tax has been misunderstood. Each year, there is a certain fluctuation of companies ceasing their economic activity", said Boc.

Being asked whether the poll tax would be abolished this fall or not, or whether the economy would see any sign of revival, Emil Boc said "no law lasts forever in Romania, especially amid crisis"."The Government will reset its tax policy. Second of all, this measure was thought to be an instrument to battle tax evasion, and not as a fiscal burden, but as a mean to pare tax evasion to bone. Tax evasion is high in Romania, and tomorrow (Sunday), in the extraordinary session of the Government, we will probably adopt an emergency ordinance aimed at reducing tax avoidance in Romania," Boc added.

 

Sursa: http://www.actmedia.eu

Tags: minimum would minister government association fiscal businessmen

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