Lump tax requested by IMF, officials say

Officials in the Small and Medium Enterprises (SMEs) Council declared on Tuesday that the negotiations between social partners and the Finance Ministry reached a „sort of consensus”, after the Finance Ministry officials claimed that the lump tax for companies is one of the requests made by the International Monetary Fund (IMF).

The 0.5% tax on business will be eliminated. The lump tax will be applied as following:

– 500 Euros tax for companies with a business figure between 0 and 12,000 Euros per year;

– 1,000 Euros tax for companies with a business figure between 12,000 and 50,000 Euros per year;

– 1,500 Euros tax for companies with a business figure between 50,000 and 100,000 Euros per year;

– 2,000 Euros tax for companies with a business figure between 100,000 and 1,000,000 Euros per year;

– 2,500 Euros tax for companies with a business figure between 1,000,000 and 5,000,000 Euros per year;

– 5,000 Euros tax for companies with a business figure between 5,000,000 and 30,000,000 Euros per year;

– 2,000 Euros tax for companies with a business figure over 30,000,000 Euros per year;