The Ministry of Finance has proposed to increase the additional turnover tax for banks from 2% to 4%, starting July 1, 2025.
Cristina Petrache
Economy
Foto shutterstock.com
Always see our news on Google
Under the draft, banks will be charged an additional 4% tax rate on turnover, which will double the tax burden for the third and fourth quarters of 2025. This change cancels tax relaxation plans for 2026, leaving banks with a much higher tax burden than they had anticipated. Currently, banks are subject to a 16% corporate tax and a 2% specific tax, which was set to fall to 1% in 2026.
Sources
Băncile vor avea o sarcină fiscală dublă pentru trimestrele III și IV din acest an
Băncile vor avea o sarcină fiscală dublă pentru trimestrele III și IV din acest an, spune un reputat consultant fiscal
Explicație pentru bănci - vor avea o sarcină fiscală dublă. 2025 va fi un an cu două viteze și cu o povară fiscală de patru ori mai mare
Latest News
10:57
The Prosecutor General’s Office and the Romanian Police are preparing 17 operations and 71 searches on Saturday as part of Operation “Jupiter”
10:45
Nvidia chief suspected of ties to an alleged Chinese spy
10:41
The Eurogroup confirms that Pablo Hernández de Cos and Klaas Knot are the two candidates for the ECB presidency
10:32
French protesters are taking to the streets again on Saturday, while authorities are deploying 70,000 police officers and gendarmes
10:17
Tanczos Barna criticizes the extravagance at Alfred Simonis's child's christening and says that the event leaves “a stain on politicians’ reputation”
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
