Ascultă Radio România Actualitaţi Live

AmCham: Romania has huge potential, not fully utilized

President of AmCham Bucharest: Main shortcoming that does not stimulate investments in Romania is lack of ANAF digitization.

AmCham: Romania has huge potential, not fully utilized
Photo: facebook.com/AmChamRomania/

Articol de Radiojurnal, 23 Septembrie 2019, 16:14

Romania is tax-attractive and has huge potential, not fully utilized - says Ionuţ Simion, President of the American Chamber of Commerce in Romania.

The nearly 500 AmCham members were subjected to a study this summer which revealed that the business environment perceived the single tax system positively.

However, there are dissatisfactions with the tax legislation, which constitutes a barrier to further investments and affects the general perception about the business environment in Romania. Low attractiveness of the fiscal incentives and weak digitalization of the fiscal system are major shortcomings, states the study presented by Ionuţ Simion, President of AmCham.

Ionuţ Simion: "The main shortcoming that does not stimulate investments in Romania is the lack of digitization of the National Agency for Fiscal Administration (ANAF). In reference to the future, we have asked two questions: what are the main legislative measures to stimulate development and attracting of new investments? And the overwhelming response, 85 %, was: we want to have predictability on the fiscal measures that are being taken, and on the main measures to be adopted in the interaction with ANAF; digitization of the tax administration is a measure to facilitate both taxpayer's task and collecting more taxes on the state budget".

Source:RRA.Translated by Miruna Matei

The Senate will debate draft amendments to the military pensions law
News in English 04 Noiembrie 2024, 19:02

The Senate will debate draft amendments to the military pensions law

The Senate will debate, as a decision-making body, the draft amendment to the law on military pensions: first in the Defense...

The Senate will debate draft amendments to the military pensions law
International driving license
News in English 03 Noiembrie 2024, 14:52

International driving license

From mid-October, people who need an international driver's license can apply for it at the Driving License and Vehicle...

International driving license
Romanian Foreign Minister confident Moldova will join the EU
News in English 03 Noiembrie 2024, 14:51

Romanian Foreign Minister confident Moldova will join the EU

The Romanian Foreign Minister is confident that the Republic of Moldova will remain firmly anchored on the European path and...

Romanian Foreign Minister confident Moldova will join the EU
The organization of the referendum with the presidential elections in the capital
News in English 01 Noiembrie 2024, 20:23

The organization of the referendum with the presidential elections in the capital

The organization of the referendum in the capital at the same time as the presidential elections is facing organizational and...

The organization of the referendum with the presidential elections in the capital
Metrorex collective contract negotiations continue
News in English 01 Noiembrie 2024, 20:22

Metrorex collective contract negotiations continue

Negotiations between Metrorex management and trade unionists yesterday at the Ministry of Transport headquarters ended...

Metrorex collective contract negotiations continue
950 polling stations will be open abroad for presidential and parliamentary elections
News in English 31 Octombrie 2024, 16:46

950 polling stations will be open abroad for presidential and parliamentary elections

950 polling stations will be open abroad for this year's presidential and parliamentary elections, announces the...

950 polling stations will be open abroad for presidential and parliamentary elections
The electoral campaign for parliamentary elections officially begins
News in English 31 Octombrie 2024, 16:45

The electoral campaign for parliamentary elections officially begins

The electoral campaign for parliamentary elections officially starts at midnight. Parties, alliances or independents vying...

The electoral campaign for parliamentary elections officially begins
Six of the 22 Romanian citizens reported missing in the floods in Spain are safe, MFA says
News in English 31 Octombrie 2024, 16:44

Six of the 22 Romanian citizens reported missing in the floods in Spain are safe, MFA says

Six Romanian citizens out of the 22 missing persons reported after the floods in Spain are safe, informs the Romanian...

Six of the 22 Romanian citizens reported missing in the floods in Spain are safe, MFA says