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Almost no developed country applies such a tax. And this is because the size of the turnover does not mean high profitability
The minimum tax on turnover is a thorny subject for the companies concerned, the method of application being very complex, requiring rules from the Ministry of Finance. In the new episode of PwC Romania Tax Talks, Ionut Simion, PwC Romania Partner, and Florin Rizea, Senior Manager, discussed the practical challenges that companies may face in applying this tax, giving examples for the taxpayers concerned.
For more information, please see the Romanian version of the article, here.
