The impact of the government’s tax changes will be felt strongly next year when they come into effect, as the minimum turnover tax for companies and the capping of some tax breaks are expected to have the biggest impact on spending, appetite for investment, but also the effort to apply them business environment. These topics, as well as other important changes in taxation, trends in fiscal control and news in reporting both in terms of legislation and in terms of the systems used, were addressed by the PwC team in Romania during two conferences on fiscal topics held in Cluj and Timisoara in November. 7 and 8.

“Companies are still analyzing the package of recently published tax changes to assess the extent of the implications in their operations and how they can implement them correctly and efficiently. The business communities in the west of the country have developed significantly in recent years and have become important centers for certain industries, such as IT or the automotive industry, which have been noticeably affected by the new measures, if we think about income taxation or the minimum turnover tax. “, he said Adriana Costea, partner at PwC Romania.

The topics discussed during the conference were the impact of the package of fiscal measures, the introduction of RO E-Invoice in B2B relations, the obligations of companies to implement ESG factors and reporting on sustainability criteria, as well as the possibility of applying for state aid for investments in the field of green energy .

Read the rest of the article on the PwC Romania blog

Article supported by PwC Romania