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Romania is completely abolishing the minimum turnover tax

The Romanian government has confirmed plans to abolish the minimum turnover tax (IMCA) with effect from 1 January 2027.
Igor Fomin Igor Fomin Reading time: 1 minute
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Luca Niculescu

Luca Niculescu

Romanian Prime Minister Luca Niculescu confirmed this decision in an interview with Antena 3, emphasising that the measure is aimed at stimulating the creation of new companies, supporting business and preserving jobs.

The tax, which applies to large companies with an annual turnover of more than €50 million, was reduced to 0.5 per cent in 2026 and is set to be abolished under an emergency decree in December 2025.

According to analysts and government sources, additional turnover taxes for the banking sector, as well as for companies in the oil and gas industries, are expected to remain in place.

The Foreign Investors’ Council (FIC) and other business associations have supported the abolition of the minimum tax, calling for the retention of a flat income tax rate and greater predictability in fiscal policy.

Igor Fomin

Romania

This story was translated with the assistance of artificial intelligence.


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