Companies were subject to additional taxes. Basically the government wants to take more money. Take this money from consumers, from the population through the hands of companies, said Adrian Codirlaşu, vice president of CFA Romania.
“The turnover tax is VAT. VAT – turnover tax. Sales tax is effectively VAT on steroids,” he said.
According to him, the larger the supply chain, the 1% is added to each.
“The final consumer price is higher, by more than 1%. I see an impact on inflation next year of 1.5-2 percentage points, which will occur both from the turnover tax and from the reduction of certain benefits for paying VAT,” explained the representative of CFA Romania.
He believes we are in for another round of tax hikes next year because we will not reach our target below 3% of GDP with a deficit.
“We won’t do it next year, but probably in 2025-2026,” Codirlasu says.
Source: Hot News
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