Romania's Fin Min To Annul 71 Fiscal, Parafiscal Taxes

Romania's Finance Ministry plans to reduce the number of fiscal and parafiscal taxes by 71, in order to lower the administrative burden that affects businesses, minister Gheorghe Pogea said Thursday.

"We will keep our promise to reduce the number of fiscal and parafiscal taxes. We plan to reduce the administrative burden that lies heavy over the private sector," Pogea said during a seminar.

Early-February, Pogea said the number of taxes and parafiscal duties should be reduced by 30-35%, without specifying any number.

In 2008, the Finance Ministry published a study according to which the central authorities cash 115 parafiscal taxes.

Out of the total number of 558 taxes and duties applied by the public central administration, only 117 taxes go to the state budget, while 89 are the revenues of autonomous central public institutions and 264 are cashed by the ministries.

Mediafax