Analysts Warn Tax on Turnover Could Render 30% of Companies Insolvent

One out of three companies in Romania will be exposed to insolvency risks if the government replaces the 16% flat tax on profit with a tax on turnover, showed a study by Iancu Guda, president of the Romanian Association of banking analysts. (Mediafax)

Check Also

Moldova’s Sandu Stakes Reelection on EU Integration

Moldovan President Maia Sandu is going all in on EU integration successes as she looks …