A Key Industry Under Fiscal Pressure
With over 200,000 employees, Romania’s outsourcing industry is raising the alarm about new fiscal measures. According to the Association of Business Service Leaders (ABSL), the proposal to cap the deductibility of services purchased from non-resident affiliated entities at a maximum of 1% of total expenses could seriously undermine the competitiveness of companies operating locally.
“In an industry where relocation is easy to regions with lower wages or more attractive fiscal and legislative environments, Romania cannot afford to lose these investors. The government needs not only short-term solutions to reduce the budget deficit but also a long-term strategy to protect a high value-added industry,” said Cătălin Iorgulescu, Vice President of ABSL.
Read full article here: turnovernews.com
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