Romanian tourism cannot compete with the Bulgarian one due to high taxes

Representatives of the Romanian Federation of Tourism and Service Employers (FPTS) affirm that taxes are too high for the coast tourism in Romania to meet the competition with the Bulgarian one.

According to FPTS, «excessive taxation is the major problem for investors into the Romanian tourism, for instance, VAT – 24%, 16% – profit tax, and 16% of the dividend tax. Earning €100, a Romanian tour operator will pay €46.37 to the budget, while a Bulgarian one pays only 20% of VAT, 10% of the profit tax, and 10% of the dividend tax – i.e. €35.20 out of €100».

According to FPTS representatives’ calculations, a Bulgarian tour operator will pay €11170 less out of every €100000 than a Romanian one, Cuget Liber S.A. informs.

English translation by BSN