“The special constructions tax is not sustainable and burdensome; it erodes the profitability of Hidroelectrica. The financial performance of 2013 cannot be repeated in 2014. The special construction tax is abnormal (…),” Borza told “MEDIAFAX Talks about Energy” conference Friday.
Lawyer Gabriel Biris stated Thursday that the tax on special constructions is the most anti-economic and anti-national tax in the last ten years, adding that no “sane” country should allow the taxation of investments, which discourages and chases investors away.
Biris added that energy, agriculture and logistics are the sectors most impacted by the tax, while industrial parks are “collateral victims”.
The tax, worth 1.5% of the value of the construction, came into effect at the beginning of this year. The first payment term is May 26.
Romania estimates it will collect at least RON1 billion from the newly introduced tax on special constructions, double from RON500 million initially projected. (EUR1=RON4.3934)