No wonder: the KKR rejected the exception of unconstitutionality submitted by the UDR. IMCA (a minimum tax of 1% on the income of companies with a turnover of more than 50 million euros) will come into effect on January 1, says tax consultant Gabriel Birisch.

Gabriel BirisPhoto: Adi Iacob / HotNews

Now I also ask the authors a question: what can prevent the lonization of the Romanian industry? What is to stop Romanian factories from becoming mere service providers, sourcing raw materials from external companies and supplying finished products to third-party companies, invoicing only for services?” Biris asked in a Facebook post immediately after the CCR decision on the fiscal measures package.

“This is called ‘source production’ and the profit margins here – according to the transfer pricing rules, which are often claimed by those who don’t really understand them – are much lower than in the case of an entity that buys raw materials/materials in the market and sells ready product on the market,” he says.

According to the consultant, this is a very fast and completely legal way to reduce the turnover below 50 million (you are no longer selling a finished product, but only a service plus a markup accepted according to the rules of TP).

Obviously, supermarket chains will not be able to do this, explains Birish, but it’s simple, 1% more price is not really visible. But the main thing is that it brings money to the budget, through VAT. ..

Bonus: additional taxes in banks (not in IFN!) and on oil and gas. Oil and – especially gas – will be even more interesting, because the tax is taken both on royalties and on additional tax, that is, about 80% of income… Invest more, I say, so that there is somewhere to pay! Yes, from where…, – writes Biriș

We remind you that the CCR decision regarding the package of tax increases (and the introduction of new ones), adopted by the Çolaku government, will lead to increased costs for the population and companies. Thus, President Klaus Iohannis is expected to unveil the fiscal package in the next period and then publish it in the Official Gazette.