The National Council of Small and Medium Sized Private Enterprises in Romania – CNIPMMR rejects the over taxation measures introduced by GEO 114/2018 because they were adopted without rigorous substantiation, without a comprehensive impact study, without the application of the SME Test, without consulting all relevant employers’ confederations, without respecting the fiscal principles. According to CNIPMMR, the measures will have negative effects on the business environment, mainly on SMEs.

“The dramatic drop in loans to SMEs and the energy security of Romania are the effects that perhaps worry us most. I think it is the role of the president to talk about energy security in the CSAT. In fact, all the measures contained in the Ordinance will hit the population and SMEs, which are the most vulnerable. Negative effects will be seen in the economy after TI 2019″, Florin Jianu, President of the Council, told in a press conference.

CNIPMMR presented the results of a survey conducted among members (387 respondents), according to which 78.70% of the them see the over taxation of energy companies as additional costs to clients (natural and legal persons), while 54% mentioned less investments and the reduction of some economic activities, and 48% pointed to the increase revenues in the state budget.