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Bucharest
July 31, 2021
BUSINESS

Young Entrepreneurs Employers’ Association: We have a correct Fiscal Code, with 1% tax for start-ups

The President of the Young Entrepreneurs Employers’ Association of Romania, Florin Jianu, says Romania now has a correct Fiscal Code and the 1% tax for start-ups will foster the process of turning the country into the state with the most attractive entrepreneurial environment in the South-East of Europe by 2020.

‘I hail the fact that the Parliament dropped the differentiated tax for microenterprises without employees (3% + RON 1,530/quarter), something which, if enforced, would have hurt the development of the Romanian business environment. We have a correct Fiscal Code, with a VAT of 19%, without a tax on special constructions or the supra-excise duty on fuels, with a tax of just 5% on dividends. I would like to congratulate the Government, Parliament, employers’ associations, the representatives of the business environment, all those who contributed having an investment and development fostering context in Romania today and the Fiscal Code is an important step in the direction of that aim’, said Florin Jianu.

According to the PTIR president, Romania can and must become the country with the most attractive entrepreneurial environment in South-Eastern Europe by 2020.

‘As the President of the Young Entrepreneurs’ Employers Association I stress that the tax of 1% for start-ups – a regulation I also contributed to and which is a step towards that aim set by our organisation. Romania can and must become the country with the most attractive entrepreneurial environment in the South-East of Europe by 2020’, Jianu also said.

According to the PTIR release, the most important provisions are the 1% tax for start-ups (entrepreneurs who set themselves up in business for a period of two years, with the obligation of having at least one employee) and 3% for microenterprises (regardless of the number of employees).

 

 

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