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
09:40
Donald Trump announces massive exploration of Greenland’s resources
09:39
FBI arrested an OpenAI engineer accused of hiding a device to record the company leadership's discussions
09:23
Two ships were hit by projectiles in the Strait of Hormuz, according to UKMTO
09:23
Swimmer Paul Georgescu clarifies online the confusion regarding his connection to Călin Georgescu’s family
09:16
China and North Korea will inaugurate a new bridge over the Yalu River on Thursday to expand trade links between the two countries
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
