Romania introduces a 70% tax rate on undeclared incomes starting July 1, 2024, aiming to enhance taxpayer compliance and increase state revenue collections
Romania’s new fiscal measures spark concern and debate amongst private sector entities, with significant tax alterations set to impact businesses and individuals alike
A study, conducted by Income Tax UK, has indicated that Romania ranks as the second highest taxing country across Europe. Bulgaria was revealed to be the best European country to live in, if you wish to pay the lowest amount of tax, with a flat tax rate of 10%.
Romania introduces a 70% tax rate on undeclared incomes starting July 1, 2024, aiming to enhance taxpayer compliance and increase state revenue collections
Romania’s new fiscal measures spark concern and debate amongst private sector entities, with significant tax alterations set to impact businesses and individuals alike
A study, conducted by Income Tax UK, has indicated that Romania ranks as the second highest taxing country across Europe. Bulgaria was revealed to be the best European country to live in, if you wish to pay the lowest amount of tax, with a flat tax rate of 10%.