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Bucharest
February 1, 2023
BUSINESS

Romania is 52nd in the Paying Taxes 2015 189-country rankings

Romania is 52nd in the Paying Taxes 2015 rankings, climbing 82 places compared to the previous edition and thus being among the highest-ranking Central and Eastern European countries, the annual report published by PricewaterhouseCoopers (PwC) and the World Bank shows.
According to the aforementioned source, Romania is currently among the highest-ranking Central and Eastern European countries in the Paying Taxes rankings, outranking Poland (87th), Hungary (88th), Bulgaria (89th), Slovakia (100th) and the Czech Republic (119th) but being outranked by the Baltic States (Latvia 24th, Estonia 28th, Lithuania 44th), Croatia (36th) and Slovenia (42nd).
“Romania is one of the few high-performers of this year’s Paying Taxes report, and this was possible as a result of the measures taken by fiscal authorities in 2010-2013 in order to ease e-payments and the online filing of statements,” Mihaela Mitroi, leader of PwC Romania’s Department of Fiscal and Juridical Consultancy, stated.
At this moment companies in Romania have to undertake 14 tax payments throughout the year (compared to a European average of 12 yearly payments), and spend 159 working hours to calculate them, fill-in and file tax statements, the European average being of 176 working hours.
On the other hand, when it comes to the total taxation rate, which measures the share of taxes and contributions paid by a company as a percentage of its profit, Romania is slightly above the European average, with a percentage of 43.2 per cent compared to a European average of 41 per cent.

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