Romania Has Second-Highest Income Tax Rates In CEE - Survey
Romania has one of the highest corporate and personal income tax rates in central and eastern Europe, second only to neighboring Hungary, a survey from tax advisory firm Accace showed Wednesday.
The survey uses income taxes on workers making EUR1,000 a month in six countries in the region, namely Romania, Hungary, the Czech Republic, Poland, Bulgaria and Slovakia.
Hungary tops the list, with combined income taxes of 207%. Thus, for a monthly salary of EUR1,000, the state collects total taxes of over EUR2,000.
The tax burden in Romania reaches 182%, followed closely by the Czech Republic with combined taxes of 181% and Slovakia with 180%. Poland and Bulgaria pay significantly lower rates as their combined taxes are of 168% and 143% of the monthly income, respectively, the survey showed.
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