The Ministry of Finance is working on making changes to the norms of the Fiscal Code, according to the statement of Georgeta Tom, head of the Tax Legislation Department of the Ministry of Finance.

During a conference organized by PwC in Romania on banking and energy tax, she was asked whether the calculation of the total minimum tax includes income tax plus additional tax.

“Perhaps we could talk a little here. We have a classic income tax, but also this additional tax. We believe that this is part of the principles and should be taken into account when determining the tax. There are also sales taxes in the covered taxation system,” she said.

In fact, says Georgeta Toma, “to ensure the transparency of this interpretation, we want to include other taxes specific to Romania in the rules of application of this law, which are separate from HG1 to the Fiscal Code (HG 1/2016 no.)”.

“We have famous energy sectors, whether we’re talking about the transition contribution or whether we’re talking about additional taxation from energy, oil or natural gas. As for taxes paid by the taxpayer, all national taxes will be included in the rules,” she explained.

Certain things will also be clarified.

“From an R&D perspective, this analysis is more about the continued operation of this facility. Recently, encouraging news has appeared in this area. Clarification of eligible costs and part of the certification are being considered to improve operational procedures,” said Georgeta Thoma.

For the reinvested profit, she says, an analysis of the effectiveness of the event is being considered.

“2024 is the year of analyzes and introduction of additional clarifications in the secondary regulatory sphere, and not necessarily in the legal part,” explained the representative of the Ministry of Finance.

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