EcoMin Nita: Taxes could be reanalysed when Gov't tax revenue collection is 37-38pct of the GDP

Tax on special structures as well as other rates and taxes could be reanalysed when the Romanian Government's tax revenue collection reaches between 37 -38 per cent of the Gross Domestic Product (GDP), up from a current 32-33 per cent, Economy Minister Constantin Nita told a taxation conference on Wednesday.

'When the tax revenue collection rate of the Romanian Government reaches 37—38 per cent of the GDP, then we could reanalyse all these rates and taxes. Unfortunately, the rate is only 32-33 per cent now. When we reach such collection rate nobody in this country will levy taxes when he or she wants. But right now the country needs hospitals, schools and the army. Of course we have to see what to do about tax collection,' Nita explained.

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