Agerpres special correspondent Victoria Vioara reports: The government will keep the corporate flat tax at 16% in the coming years, Prime Minister Victor Ponta announced, yet without shutting out a possible reconsideration of the tax system for individuals.
“The tax rate has always been 16% for companies. Yesterday (on Monday), at Deutsche Bank, I said that a 16% tax rate is set forth under the political agreement between the coalition partners and that it would be preserved in the years to come because they (the investors – Ed. note) work out their business plans for several years and it is really a big difference if it’s 16% like in Romania or 45% like in Germany,” said Ponta.
He added that the subject of reducing the flat tax rate for trading companies has never been raised, and that this move was only proposed for individuals with very low incomes.
“Similarly, if we ever set a solidarity tax in place, it will only refer to individuals with very low incomes, not companies. Yesterday I discussed with business representatives and, as per the political agreement USL is built on, this flat tax stays unchanged by 2016,’ said Ponta.
Referring to individuals, he said that things will evolve “depending on how the budget revenues fare.”
“If, for instance, we have a higher than forecast economic growth, if we steadily keep the 2.2% pace of Q1, we automatically provide some fiscal space,” Ponta said.
Maintaining the flat tax at 16%, combating corruption and bureaucracy, as well as increasing transparency were the recommendations Prime Minister Victor Ponta received at a conference on the prospects of the Romanian-German cooperation organized on Monday at the Deutsche Bank headquarters in Berlin.AGERPRES
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