 A New Tax System For Romanian Tourism Industry?Traian-Ovidiu Calota Revista de Economie Mondiala / The Journal of Global Economics, 2014, vol. 6, issue 3 Abstract: The enterprises from tourism industry may apply till the end of 2014 year one of two tax systems as follow: (i) either tax on income system – quota of 3% applied to taxable income if the income’s value is less than 65.000 euro; (ii) either tax on profit system for all other enterprises. The tax authorities intend to apply a 3rd system named "specific tax on certain activities". We chose to analyze this new tax system for the listed bellow three main reasons: (i) any enterprise – subject of paying tax on income or tax on profit – must analyze at the end of 2014 the new conditions mentioned by law in order to decide which tax system would be applied for the future period; (ii) for the activities distinctly mentioned in CAEN Code, e.g. hotels restaurant’ and bar’s activities, the tax amount is no longer computed based on profit or income , but – instead – tax amount is computed based on several factors such as: the number of beds from hotel or the surface of restaurant. Keywords: tax system; specific tax on certain activities; enterprise from tourism industry; tax on profit; tax on income (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:journl:v:6:y:2014:i:3:id:2822000009237083 Access Statistics for this article Revista de Economie Mondiala / The Journal of Global Economics is currently edited by Simona Moagar Poladian, PhD More articles in Revista de Economie Mondiala / The Journal of Global Economics from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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