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In the case of some banks, the effective tax rate can reach up to 72% of gross profit

Copyright © PwC Romania

In the case of some banks, the effective tax rate can reach up to 72% of gross profit

26 Oct 2023

The top ten largest banks in Romania will pay a turnover tax between 23% and in some cases over 100% of the corporate tax due, in the first two years from the entry into force of the measure proposed by the government, in which the applied rate will be 2%.

For more information, please check the Romanian version of this article here.

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PWC ROMANIA

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Tags : Top 10 banks in Romania , taxation in the banking system , REVENUES REPORTED TO NBR , PwC Analysis

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