Bogdan Toma on the lump-sum tax and its effects on businesses

Bogdan Toma, Senior Associate at Dragne & Asociatii, was quoted by DailyBusiness.ro on the subject of the lump-sum tax, which will be appplied starting with January the 1^st 2013 for certain locations in the services industry such as bed and breakfasts, bars, restaurants or beauty salons.

In Bogdan Toma’s opinion, the new tax might contribute to reducing tax evasion, but it could also have some negative side effects, such as creating an excessive fiscal burden on tax-payers that are already struggling with their businesses.