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Why is Romania not attractive for investors: 92% of companies blame fiscal system

About 92% of medium and large companies in Romania consider that the present fiscal system does not allow them to build a long term coherent business strategy , a study made by Accace show. Accace is one of the most important players in Central and East European market of financial management consulting.

At the same time 80% of companies in the area consider the Romanian Fiscal Code as unstable. It is followed by the Czech system which 60% of companies consider unstable. At the opposite pole there are systems of Bulgaria and Slovakia, considered the most stable in the area.

As for the companies' perception on the level of taxes which should be paid to the state budget, they consider acceptable in Bulgaria that all participants in the study, in the Czech republic and Slovakia, by half of the companies present in the two countries while in Romania only a quarter of companies are satisfied by this level.

The main question facing companies after amendments to the Fiscal Code is social contributions, all participants in the study pointing out ambiguities concerning the ways of establishing the level of contributions. Accace study was made in Bulgaria, Czech Republic, Romania and Slovakia, wall-street.ro informs.

Sursa: http://www.actmedia.eu

Tags: companies system fiscal romania

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