FACETS OF FISCAL FACILITIES IN ROMANIAN TOURIST ACTIVITIES

Mihaela Popa
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Mihaela Popa: UNIVERSITY OF CRAIOVA, FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION, ROMANIA

Annals - Economy Series, 2012, vol. 2, 80-85

Abstract: The State’s granting the tourism industry certain fiscal facilities means an important tool to improve the tourist performance in Romania. The fiscal advantages designed to encourage the growth of tourist activities have an influence upon a fiscal cost by reducing the taxable base and implicitly lowering companies’ fiscal spending. Fiscal costs are a representative element of any business’ or transaction’s costs. Reducing a company’s fiscal costs allows the amounts saved thereof to be reoriented to new growth opportunities. In the current international context where tourist markets’ competition is increasing and prices are going down, allowing fiscal facilities for the profile industry in our country leads to the emergence of more favourable rates and, consequently, more incoming tourists. In conclusion, the growth of tourist activities in Romania is encouraged by various fiscal facilities meant to generate profitable business and low tourist rates.

Keywords: fiscal facilities; tourist activities; value added tax; revenue tax; excises (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2012:v:2:p:80-85

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