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June 28, 2022

Accace: Romania’s Fiscal Code, unstable

Most companies that operate in the region consider that the Romanian Fiscal Code is unstable and does not allow devising coherent long-term business strategies, finds a survey conducted in Bulgaria, the Czech Republic, Romania and Slovakia by the financial consulting company Accace, Mediafax informs.

“The Fiscal Code of Romania is considered as unstable by most of the companies that operate in the region (80 pc),” reads a press release issued by Accace.

“Romanians and Bulgarians stand firm, but at opposite ends: the overwhelming majority (92 pc) of companies that operate in Romania consider that the current fiscal system does not allow them to devise coherent long-term business strategies, while Bulgarians think they have all conditions to achieve this goal. The companies present in Slovakia answered that they are inclined to give a positive answer, 67 pc being confident that the local fiscal system allows a long-term planning and development of their businesses, and the same opinion is dominant among investors in the Czech Republic (63 pc),” adds the release.

The amount of taxes paid to the state is considered as acceptable in Bulgaria by all participants in the survey, in the Czech Republic and Slovakia by 50 pc of companies, and in Romania only by 25 pc of companies. Social contributions are seen as the main problem encountered by companies, after the Fiscal Code was modified, as all respondents indicated as a reason for concern the ambiguities existing in how these contributions are calculated.

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