Romania’s Finance Minister Tanczos Barna told the fourth edition of the Transylvanian Economic Forum on Friday, in Targu Mures, that in terms of trade between Romania and Hungary, the former three times less present on the Hungarian market as against the latter.
„It was a very interesting debate, first of all about trade between Romania and Hungary. From that perspective, statistics are obvious, there are more products brought to Romania from Hungary – at a ratio of one to three, one to two, depending on the field we are analysing. And as far as investments are concerned, Romania is practically three times less present on the Hungarian market and there are a lot of investments from Hungary coming to Romania, especially in Transylvania. Romanian entrepreneurs need the government’s support to expand into other markets. From that point of view, there are many good programmes in Poland and Hungary, in many countries of the European Union, and we need to implement new programmes, similar systems. We also talked about the taxation system in Romania and about the challenges of these times,” Tanczos told the press.
He and Hungary’s Deputy Minister of Foreign Affairs Magyar Levente participated in a roundtable conference on changing markets in the member states of the European Union.
„We talked about stability and predictability, because entrepreneurs have this basic demand, they want predictability, and they will not change the tax system overnight. From that point of view, I hope that the December ordinance was the last one that was not preceded by public debate, a deep impact analysis and prepared implementation. We are preparing these days the latest regulations on tax on special structures, for example. We are talking here about something that was decided in December and by the end of March we will present to the government and the coalition our proposal from the Ministry of Finance to regulate this type of tax in detail. But once again, the business community needs predictability, like a multi-year plan of fiscal consolidation. And here the state also benefits because then the revenues are predictable in the budget.”
According to Tanczos, entrepreneurs know what taxes they must pay in the following year and in two years, and in terms of controlling and collecting these incomes, the forum discussed the new challenges faced by the National Tax Administration Agency (ANAF), such as the increasing volumes of products and services capitalised online.
„They are no longer companies with a registered office, where production is done, for example, or where trade takes place. In practice, these challenges must also be covered by digitised systems of income analysis, tax tracking. And here I welcome the initiatives and actions of ANAF to control and monitor these trade activities, service provision activities that happen practically through the online environment.I welcome those risk analysis systems based on which the controls have begun for those who offer alternative transport services, those who offer tourism services through well-known platforms.”
The minister believes that these actions of ANAF will lead to a balancing of market revenues, because tax dodging also generates unfair competition from those who are not subject to taxation.
AGERPRES
