Local taxes imposed by local councils in Romania on certain assets and activities can represent a significant cost for companies
Local taxes can represent a significant cost for companies.
In addition to taxes imposed at national level, local taxes imposed by local councils in Romania on certain assets and activities can represent a significant cost for companies and individuals.
Although general principles governing local taxes are provided in the Fiscal Code (applicable at national level), local councils have a certain degree of autonomy in setting tax rates and in administering tax collection. As a result, compliance can be a challenge if assets are held or activities are carried out in multiple jurisdictions. KPMG professionals have extensive knowledge of local authorities’ views and practices and on trends developing in certain areas of the country with respect to local taxes.
We can help your business avoid pitfalls and seize opportunities, by providing local tax advice.