Business organisations in Romania call for elimination of minimum turnover tax, warn of investment risks

A coalition of major business associations in Romania has issued a joint statement urging the government to eliminate the minimum turnover tax (IMCA), arguing that the measure discourages investment, undermines competitiveness and generates distortions in the economy.   The minimum turnover tax (IMCA) was introduced through Law 296/2023, which came into force on 1 January 2024 as part of a broader fiscal reform package. It ...

Developed by Codecraftsman