Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS

Subscribe|Login

Romanians made over million tax payments by card last year, worth RON 360 million

170320102642idoc32_1695.jpg
  • The number of taxes paid online doubled compared to 2015 and accounted for one third of the total tax payments by card

  • Visa currently runs the 8th edition of its annual national campaign aimed at promoting tax payments by card

Romanians made more than one million tax payments by card, both at POS and online, in 2016. The total value of taxes paid by card increased by nearly 50% last year, to more than RON 360 million, as the number of online payments doubled and the card acceptance payment network continued to extend, according to data collected by Visa from banks in Romania.

“The endless efforts made by Visa and the partner banks to promote the benefits of card tax payments have paid off. The card tax payments’ volume increased ten times over the last six years, due to the obvious advantages provided by this payment method: security, convenience and speed. We have witnessed a spectacular increase in online payments especially, as they exempt taxpayers from going to the counter, helping them to save time. We welcome the authorities’ commitment towards supporting tax payments by card, and we expect their efforts for modernizing the payments network to lead to an increased collection to the state budget”, stated Catalin Cretu, General Manager for Romania, Croatia, Slovenia and Malta at Visa.

One out of three tax payments by card was made online last year, a noteworthy achievement given that only six years ago online payments were at an early stage. More than 370,000 online payments were made in 2016, double compared to the previous year, with an overall value of RON 78 million.

The average card tax payment value (both online and offline) stood at nearly RON 340 in 2016, 2.5 times higher than the average card payment value, of RON 140 last year, according to the National Bank of Romania official data.

Local taxes can be paid by card at POS terminals installed at local administrations and postal offices, online on www.ghiseul.ro and the municipalities’ platforms, as well as at the info kiosks.

All public institutions that collect taxes and fines are due to accept card payments by the end of 2018, according to the provisions of the cash-back law.

The number of municipalities enrolled on www.ghiseul.ro reached 264 at the end of last year, up by 40% compared to 2015. Over 200,000 users activated their accounts on the platform so far.

Visa runs until March 31 the 8th edition of its traditional annual campaign for promoting tax payments by card, aimed at informing the Romanian taxpayers about the benefits of electronic payments.

The campaign includes advertising and promotion in the print media, in the online, television, radio, and outdoor, as well as BTL activities run together with the banks in Romania.

All interested individuals can find useful information about card tax payments on www.visa.ro, such as the list of fees that ought to be paid to the Fiscal Administration on www.ghiseul.ro, or they can access the interactive map of public institutions that accept online payments by card.

The taxpayers that pay their local taxes before March 31 receive an up to 10% discount of their fiscal obligations, according to the Fiscal Code’s provisions.

About Visa

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products.

More