microenterprises

The lump sum tax will replace the minimum tax in the second half of the year and will be applied to services subject to tax evasion, such as restaurants and beauty saloons, Friday said Mihai Gogancea-Vatasoiu, vice-president of Romania’s tax administration agency ANAF.

Microenterprises in Romania will no longer benefit from a different taxation system in 2010 and will have to pay a 16% profit tax or a lump-sum tax, just like any other company, according to Finance Minister Sebastian Vladescu.