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PwC: Romania, on the last place in the world according to the SME number of fiscal contributions

Around 48 per cent of the companies' profits from Romania go to the public budget even if the profit tax is 16 per cent.

Romania ranks on the last place in the world in terms of number of fiscal contributions that a medium sized company must pay, according to the annual report "Paying Taxes 2009" launched yesterday by the financial consultancy company PricewaterhouseCoopers Romania, Agerpres informs. Romania ranks 181 in the world out of 181 states which formed the object of the survey (the data refer to the year 2007), against the place 175 in the previous edition which had included 178 states. According to the report, during the year, the firms from Romania must make 113 payments for the fiscal obligations. The time needed by a company from Romania to pay the taxes and dues in one year was 202 hours in 2007, the same as in 2006.

According to this criterion, Romania ranks 74 in the world, against 70 in the edition 2008. Most of the payments that a firm from Romania must make are connected with labour - 84 out of 113 (74 per cent). Around 48 per cent of the profit of the companies from Romania goes to the public budget, even if the profit tax is only 16 per cent, according to the annual report "Paying Taxes 2009."

Romania also ranks 25 in EU-27 in a recent report of the World Economic Forum, regarding the fulfillment of the targets of Lisbon agenda of EU regarding competitiveness.

On another hand, the cash flow of the firms from Romania will be affected because of the international crisis, and this situation will raise problems for the Tax Administration and other tax-colleting authorities, declared yesterday, in a press conference, Arabela Aprahamian, specialist in the development of the private sector, in the World Bank Bureau from Romania. "The efficiency of the authorities is more important than ever. The financial discipline will have to be strengthened because it will not be good for the Romanian economy to allow the firms to not pay the taxes. It is necessary to take serious measures against those who choose to not pay, going as far as the forced executions," the WB representative bank said on the occasion of the launching of a report about the payment of the taxes by the financial consultancy firm PricewaterhouseCoopers.

The president of the National Tax Administration Agency (ANAF), Daniel Chitoiu, has recently declared that between eight and ten per cent of the taxpayers from Romania are tax evaders, but the remaining 90-92 per cent have a correct tax behaviour. The firms from Romania could be tempted, in the last two months of this year, to not pay in due time the tax obligations in order to finance their projects, in the conditions of a blockage of the crediting activity of the commercial banks, ANAF president also admits.

WB: Romania must continue structural reforms

Romania has well resisted so far the international crisis, but it must continue the structural reforms, Arabela Aprahamian declared yesterday, quoted by Agerpres. "It is very important to continue the structural reforms, especially related to the business circles and competitiveness, in the context of the current global crisis," the WB representative said on the occasion of the launching of a report about the payment by the taxes by the financial consultancy firm PricewaterhouseCoopers. In her opinion, it results from all these analyses that the priorities for any government should be the business environment, the investments in innovation, the investment in the transport and telecommunication infrastructure, the investments in human resources and the modernization of the labour market.

 

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Tags: romania report taxes fiscal according place world

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