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December 6, 2022

Retailers: Fiscal measures will impoverish the population

The government’s recently announced fiscal measures will lead to an impoverished population that will have to bear price increases and it will have an additional impact on retail investments and businesses, thus creating the reverse effect and resulting in lower state budget collections, a press release by AMRCR (the Romanian Association of Major Commercial Networks) notes. Furthermore, the government’s habit of changing the game rules without consulting the business environment will seriously affect the degree of interest in Romanian businesses and discourage investors. “The artificial and unjustified enlargement of the base of taxation will not stimulate the economy, but encourage tax evasion to the detriment of honest tax-paying and law-abiding Romanian citizens. We take this opportunity to reiterate a prior request made by AMRCR for the government to introduce an overall cut in VAT. This measure will really stimulate consumption and have positive effects on the budget,” Delia Nica, Executive Manager of AMRCR, stated. The government’s objectives for next year include cashing in approximately RON 5 billion in new tax collections, making changes to the taxation system for SMEs, modifying the excise tax calculation method, increasing the national net minimum wage, and enlarging the calculation base for health contributions. Cora, Carrefour, Auchan, Kaufland, real, Selgros, Metro Cash & Carry, Billa, Mega Image, Penny Market, Lidl, Praktiker, Bricostore, Baumax, Dedeman, Hornbach, OBI, and Mobexpert are all members of AMRCR.

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