Numerous organizations that unite American, French, German, and Romanian investors urge the Government to preserve a single tax and reinstate the tax system in order to promote economic growth.
In the context of the Social Democratic Party’s demands that the Government rethink its budgetary policy and give up the single quota, the major organizations in the business environment are opposed to removing the single tax, considering it a simple tax system and essential for economic growth.
The business environment also suggests: increasing tax collection and combating tax evasion through harsher sanctions and controls in areas where problems are identified; reevaluating the framework in which microenterprises and PFAs are used in Romania.
As long as they are used in good faith, in a truly entrepreneurial manner, and not to conceal employment arrangements, these are advantageous and acceptable forms of organization.Foreign Investors Council, press release
Identifying the key industries that the Government wants to promote while taking into account Romania’s interest and the medium- and long-term perspective, relocating the tax system to stimulate work, bring black and gray work to the surface, decrease employee departure, and bring Romanians abroad home are other recommendations (boosting the export of high value-added goods and services can help reduce the trade deficit).
At the same time, the economic climate views it as essential to make any change to public policies after transparent engagement with all parties involved. To establish the groundwork for a long-term, transparent, digital, and predictable tax system, the business community also affirms its openness and willingness to communicate with the authorities.
The recommendations come from the Council of Foreign Investors (FIC), the American Chamber of Commerce in Romania (AmCham), the French Chamber of Commerce in Romania (CCIFER), the Romanian-German Chamber of Commerce and Industry (AHK), the CONCORDIA Employers’ Confederation, the Association of Foreigners Romanian Business Leaders (RBL), Romanian-British Chamber of Commerce (NRCC), Romanian-British Chamber of Commerce (BRCC), Hellenic-Romanian Bilateral Chamber of Commerce (HRCC), Belgian Chamber of Commerce, Luxembourg, Romania and Moldova (BEROCC).