“Tax collection in Romania is excessively low compared to other EU countries. The percentage reaches 75%-80%,” said Peter de Ruiter, partner of Partner, Tax and Legal Services Leader at PwC Romania.
Speaking at a conference organized by Ziarul Financiar and PwC Romania, he said that Romania should step up efforts to simplify fiscal regulations, even if this could lead to additional taxes.
“Sweden has a higher taxation rate than Romania, but the local authorities support the business environment better. The fiscal regulations must be changed even if this leads to higher taxes,” de Ruiter said.