Romania ranked 55th in PwC’s Paying Taxes 2016 global ranking

Romania ranked 55th in PwC’s Paying Taxes 2016 global ranking

 

Bucharest, 24 November 2015 – Romania ranked 55th in PwC’s Paying Taxes 2016 global ranking, which measures the ease of paying taxes for a standard company across 189 economies all over the world.

 

„Romania’s position in the first third of the Paying Taxes ranking for a second year in a row is a positive outcome. By reducing the social security contributions (CAS) in the autumn of 2014, Romania has managed to decrease last year’s Total Tax Rate from 43.2% to 42%. Therefore, this year’s edition ranks Romania above countries like Bulgaria (88), the Czech Republic (122), the Slovak Republic (73), Poland (58) and Hungary (95), but still below Croatia (38), Slovenia (35) and the Baltic states (Estonia being ranked 30th, the Republic of Latvia 27th and Lithuania 49th). This reinforces the necessity of maintaining a sustained rhythm of reforms, for which the coming into force of the new Tax Code will be of significant service,” stated Mihaela Mitroi, Tax and Legal Services Leader, PwC Romania.

Read the whole press release here.

Mihaela Mitroi_small