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The Romanian government has abandoned the tax on the turnover of multinational companies, acknowledging its negative impact, including disproportionate taxation of large contributors, loss of competitiveness, and harm to sectors with low profitability. The government has introduced a tax on affiliates to prevent the transfer of profits abroad. Former Prime Minister Sorin Grindeanu criticized this move, stating that it is necessary but insufficient. Minister of Finance Alexandru Nazare discussed these changes in a press conference, addressing the modification of multinational taxes, taxing collectibles, and increasing the capital of SRLs. The impact of these fiscal measures on businesses will be discussed in a live event on ZF Live on Thursday, August 14, at 12:30 PM, featuring Alex Milcev, a partner at EY and head of the tax department.

The Romanian government has initiated a fiscal reform, targeting multinational corporations, specifically focusing on areas where these companies export their profits. The tax authority, ANAF, has been criticized for not adequately monitoring the transfer of profits by foreign companies. Prime Minister Sorin Grindeanu supports the measure to block the transfer of profits by multinationals, considering it a necessary step, but not sufficient on its own. Petrişor Peiu accuses the Bolojan-Dan government of attempting to legalize the fiscal evasion of multinationals. The Ministry of Finance has proposed a new taxation method for multinationals that externalize profits, including a 25 lei tax on non-EU imports. The Minister of Finance, Alexandru Nazare, has announced changes in the taxation of multinationals, introducing a new tax on affiliated companies and extra-community flow of goods.