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PwC Romania: the flat tax, the most stable measure in the fiscal domain
The flat tax is the most stable measure in the fiscal domain and which survived extremely well, especially as in the fiscal environment in Romania we are talking about instability or uncertainty,said on Wednesday Daniel Anghel, partner and leader of the fiscal and judicial services PwC Romania.
According to Daniel Anghel, the 15 years since the introduction of the flat tax have been 15 years of changes from the fiscal perspective.
‘Only if we refer to the Fiscal Code,for example, we are talking about more than 218 main acts for the amendment of the Fiscal Code over these 15 years since the first publication. Some of the amendments,obviously, have been good and I would like to mention the regime for holdings,the introduction of contributions in the fiscal code,or, why not,the reduction of the VAT quota for food. But,unfortunately,very many of these had a negative effect. The multitude,the frequency of the changes,the short term to be adopted contributed to an unstable fiscal climate’Daniel Anghel said.
He also mentioned that he did not intend to make a complete overview of the amendments,but he wanted to send the message that since the introduction of the flat tax he has seen separate measures but not a comprehensive vision that should take into consideration a sustainable growth of the economy and a balancing of the budget.
‘We hope that 2020 will bring us more light from the perspective of this economic sustainability, fiscal measures which can influence this economic growth and not last,they can influence positively and balance the budget’ Daniel Anghel said.