Bars, restaurants, taxi drivers, small hotel owners,hairdressers, repair shops and auto washes will not have to dealwith the lump sum tax this year, which was heavily debated over thelast two months, as the Government intends to continue to enforcethe minimum turnover tax introduced on the 1st of May, 2009 until2011, official sources say.
The main reason - the minimum tax turned out to be a steady streamof income for the budget, and is estimated to account for 0.6% ofthe budget revenues this year while the contribution of thelump-sum tax is hard to quantify and the IMF will not tolerateadditional uncertainties in terms of revenues.
The state expected to collect 355 million RON (84 million euros)from the minimal tax last year, but the revenues collected in theeight months it was in force were double that figure, reachingabout 700 million RON (166 million euros), pushing this year'starget to about 1 billion RON (some 240 million euros).
The minimal tax, introduced about a year ago after pressure fromthe Fund in order to get additional revenues to the budget and getrid of inactive companies, was a "hot potato" for the Bocgovernment, causing more than 130,000 companies to suspendoperations and several thousand to dissolve.
This led the Government in December 2009 to start talking about"rethinking" this tax and introducing a lump sum tax centred oncertain types of activities.
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