ANRE’s 2% Turnover Tax Excludes Certain Components from the Tax Base Computation

The exclusion of some components from the tax base avoids accumulation of the tax liabilities on logistics chains in the energy sector, which would have occurred in the first version of the tax.

According to the media, ANRE’s 2% turnover tax excludes certain components from the tax base computation which include: wholesale acquisition price, distribution, transportation, system and market services, storage, CHP contribution and excise.

The exclusion of some components from the tax base avoids accumulation of the tax liabilities on logistics chains in the energy sector, which would have occurred in the first version of the tax.

When it comes to gas suppliers, which also act as producers, such as Romgaz, OMV Petrom, royalties paid for natural gas extraction will be eliminated from the tax base.

InterCapital
Published
Category : Flash News

Want to invest? Do not know how and where? Contact us and we will solve everything for you.