On September 13, senators re-approved the project introducing, as of January 1, 2017, a specific tax for hotels, bars, and restaurants, without taking into account any observations from President Klaus Iohannis.
To be introduced, the project must also be re-approved by the deputies in a future session, as the head of state no longer has the possibility to reject the project.
In the summer, President Klaus Iohannis asked Parliament to re-examine this project, citing the fact that companies that will have to pay a higher tax will become indebted, could resort to tax evasion, or could even be closed.
Source: Economica
Frequently Asked Questions
When is the specific tax for the Horeca sector set to begin?
The project aims to introduce the specific tax starting January 1, 2017.
What are the risks mentioned by the President regarding this tax?
President Iohannis expressed concerns that the tax could lead to business closures, increased debt, or tax evasion.
What is the final step for the project’s implementation?
The project requires re-approval from the Chamber of Deputies, after which it can no longer be rejected by the President.