The turnover tax (1%) is not collected from the turnover, but from the income, which is much more serious, says lawyer Gabriel Birish, who specializes in taxation.

“Excise duties have been removed from the tax base, but not the return tax paid by pharmaceutical companies, which is essential,” he says.

In his opinion, the introduction of a profit tax in the pharmaceutical sector will create a shortage of drugs, where the reimbursement tax is high, “especially for drugs such as cytostatics and other expensive drugs for the treatment of cancer, where the prices are fixed. “.

“Basically, the tax is applied to a base inflated by certain regulated prices,” Gabriel Birish told a conference organized by the Coalition for Freedom of Trade and Communications (CLCC).

According to the project adopted by the Çolaku government, large companies (with a turnover of more than 50 million euros) will pay a tax of 1% of the turnover if the profit (16%) is lower.

In practice, a formula is introduced from which various things are deducted, such as investments or excise taxes.

Exempted are companies that exclusively engage in distribution/supply/transportation of electricity and natural gas and are regulated/licensed by the National Energy Regulatory Authority.

See what awaits you. Read: What taxes the PSD-PNL coalition adds and increases / Everything you need to know