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The budget and taxes: Shall we put on our seat belts?

The budget and taxes: Shall we put on our seat belts?

Daniel Anghel, Partner coordinating tax and legal services PwC Romania

The evolution of the 2023 budget seems to have taken the authorities by surprise, the difference between state revenues and expenses already being 1% of GDP after the first two months of the year. As the situation is worrisome, and the statements from the highest level have only come to confirm it repeatedly in the last few days, taxpayers have begun to be concerned about the following: austerity measures, tax increases, both?

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

 

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