Fiscal changes would be possible in the next period, if we look at the report of the World Bank sent to the Ministry of Finance, obtained by HotNews.ro. At the moment, they represent only the recommendations of the institutions.

It remains to be seen whether some of them will appear in the projects. Some of the changes proposed by the World Bank concern the regime of micro-enterprises.

The proposal aims to lower the eligibility threshold for the micro-enterprise regime to the level of the VAT threshold (€88,500). To give time to help the business environment, the reform should be implemented in stages:

1. We already have a reduction from January 1, 2023 to €500,000

2. January 1, 2024: EUR 250,000

3. Achieving the maximum amount of VAT (taking into account inflation) from January 1, 2025.

It is also proposed to introduce some rules to prevent companies splitting up to access the micro mode.

Another thing that the report talks about is the cancellation of the possibility to deduct specific costs from turnover.

“This will simplify the regime and reduce opportunities for tax evasion. If desired, a fixed amount of deductions as a percentage of turnover can be applied,” the source said.

The World Bank also suggests revising the sales tax rate.

• A rate of 1% means a profit margin of about 6.25%, which is likely to be lower than the actual margin of most micro-enterprises.

“Equalize the taxation of employees and the self-employed by abolishing the cap on social security contributions that currently applies to the self-employed. An alternative option would be to apply the cap to both employees and the self-employed, although any implications for pension rights would also need to be assessed,” the document says.

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