Thus, the association supports the measures on lowering tax burden in spirits industry stipulated by the new Tax Code, measures which are in fact supported by the majority of business environment representatives.
“The cut of the excise duty for spirits is vital for our sector, which, starting with 2013, when the excise duty for ethylic alcohol rose by 42%, has been facing significant losses caused by an unprecedented development of the black market,” said Florin Radulescu, Spirits Romania president.
The positive effects of the measures in the new Tax Code will impact both companies, which will be able to develop their local activity and create new jobs, and consumers, who will afford to buy quality spirits, avoiding the health risks triggered by the consumption of illegal alcohol.
Spirits association represents the main spirits importers and producers in Romania: Amigo, BDG, Brown-Forman, Cristalex, Diageo, Pernod Ricard Romania, Prodal, Prodvinalco, PPD.
President Klaus Iohannis has not signed the Tax Code bill into law and sent it back to Parliament for reexamination, calling for a more detailed analysis of the impact the proposed tax cuts would have on the state budget.