SIMILAR ARTICLES

”New heights of progress and civilization”: official GDP growth – 8.8%. Consequences

The signal forecast that the National Institute of Statistics announced indicates a record growth rate of 8.8% in the third quarter of 2017 on the… Mai mult

BNR meeting minutes: Risks identified before adjusting policies

Before deciding to protect the stability of interest rates more than the stability of the exchange rate and to signal, though, a future increase in… Mai mult

Bloomberg, about Romania: Previous “Chinese” economic growth has led us to the edge of the abyss

The distrust regarding the health of Romania’s economic growth makes foreign analysts remember that the last time when Romania outpaced China in terms of the… Mai mult

An abnormality that has reached its potential: Depopulation does not help too much GDP/capita growth

The data published by Eurostat on the evolution of GDP per capita over the period 2005-2015 show that the growth rate of this key indicator… Mai mult

Inflation: Explosive mix of fuels, electricity and volatile products

According to the data provided by INS, Romania recorded a 1.28% increase in prices in October 2017 compared to the previous month, the highest increase… Mai mult

Document / Where is money that Government is trying to squeeze out of private sector: 36% of debts are in state-owned companies. And PSD

de Mariana Bechir , 12.11.2017

A total of 10 state-owned companies or owned by the public administration account for over 36% of the total outstanding social contributions at September 30, 2017.

The data appear in the list of debtors, legal entities with outstanding tax obligations to the social insurance budgets, a document made public by the Ministry of Finance to justify the transfer of social contributions to the employee.

Most of them are historical debts and some of the companies have been liquidated long time ago.

The champion is Compania Nationala a Huilei, from which the “viable part” became in 2011 Societatea Nationala a Huilei. The latter took over the employees but not the debts of the company that went into liquidation in 2013 – in 2014, these debts to the consolidated state budget amounted to over one billion euros (RON 4.785 billion).

Societatea Nationala a Huilei merged then, in 2013 and at Victor Ponta government’s initiative, with Societatea Complexul Energetic Oltenia and formed SC Combinatul Energetic Oltenia.

At the time of the merger by absorption, the energy division (Societatea Complexul Energetic) had debts of nearly RON 566 million, and the mining division (Societatea Huilei) – almost RON 115 million.

At September 30, 2017, Combinatul Energetic Oltenia owes the state RON 431.329 million only for the employees’ social contributions.

Former employees of Compania Nationala a Huilei did not remain without contributions to the pension insurance system, as Minister of Finance, Ionut Misa, insinuated. On the contrary, the miners’ pensions are among the biggest in the country.

*

  • Situation of largest 500 debtors, legal entities with outstanding tax obligations to the social insurance budgets registered at September 30, 2017, and not paid at the moment of their publication on the website
  • Total outstanding tax obligations to the social insurance budgets registered to the account of taxpayers, legal entities published on the website                      Region            Outstanding fiscal obligations representing social contributions

*

Also, Regia Autonoma pentru Activitati Nucleare (RAAN) Mehedinti, producer of heavy water needed to operate nuclear power plants, went into bankruptcy proceedings last year, starting June 14, 2016, through the final decision of Craiova Court of Appeal.

Among the first 10 debtors are also Regia Autonoma de Transport Public Iasi and Centrala Electrica de Termoficare Iasi, both subordinated to the Mayor’s Office.

CET Iasi defaulted in 2011 and the insolvency procedure started in 2012. Last year, it showed debts amounted to RON 561 million.

The plant’s assets have been brought into the use of the new heating operator in Iasi, Veolia, and the Mayor’s Office went through a trial for the assets for five years.

The full list of debtors also includes PSD Bucharest, with arrears of RON 78.879 for pension contributions and RON 27.441 for health insurance contributions.

Government re-criminalizes contribution non-payment

The Ministry of Finance announced this week the intention to amend the Law on preventing and combating tax evasion to criminalize the non-payment of taxes and contributions withheld from the employees’ income to the budget.

The text that criminalized this act (Article 6 of the Law on evasion) has been declared unconstitutional by a CCR decision in 2015 on the grounds that the provision in question did not meet the constitutional exigencies on the quality of the law, namely it did not meet the clarity, precision, predictability and accessibility requirements.

Since then, the government officials have not changed the text, so that the deed remains an offense.

One of the measures announced last days provides for the reintroduction of that article but in a new wording, so that the act – withholding from the income paid to the income beneficiaries (for instance, employees) by the income taxpayers (for instance, employers) of taxes and contributions and not paying these amounts to the budget – to become a crime again and be punished with imprisonment.

Mergeți în homepage ›

Publicat la data de 12.11.2017

Lăsați un comentariu


NEWS

Rompetrol saga, chapter about money: Government asks KazMunaiGaz to pay the historical debt and demand settlement of case in court

The extension of the memorandum between the Romanian state and KazMunaiGaz, the owner of the Rompetrol Group, will be discussed only after the company's historical… Mai mult

"Not only we have not died, we rank third in the world" - Government approved second budget amendment, deficit of 2.96% of GDP

The second budget amendment this year has been adopted at the government meeting on Wednesday. As the Finance Minister assures, this amendment is "positive", the… Mai mult

Mayors: Government to offset by state budget money municipalities’ losses following tax measures

Mayors accepted on Tuesday in the negotiations with Prime Minister Mihai Tudose and several cabinet members, the promises made by the government officials to partially… Mai mult

Competition Council, "worried" that municipalities are establishing their own companies

The establishment of own companies by local administration to manage the services at the local level is worrying for the competition authority, Bogdan Chiritoiu, President… Mai mult

Draft legislation on judicial system in Parliament – to be debated as a matter of emergency

The ruling coalition registered with the Chamber of Deputies on Tuesday the draft amendments to the three important laws for the judicial system: Law 303/2004… Mai mult

Negative opinion and analysis of Fiscal Council on tax changes. "Tax package" costs 5.2 billion, not planned at all

The Fiscal Council issued a negative opinion on the proposal to amend the Fiscal Code, according to the opinion published Friday on the institution’s website.… Mai mult

Negative opinion from CES for Tax Code changes, Government meeting postponed

The Economic and Social Council, a consultative body of the Parliament and the Romanian Government, issued a negative opinion on Tudose cabinet's draft amendment to… Mai mult

Doing Business 2018: It is easier to do business in Republic of Moldova than in Romania

Romania ranks 45th in the Doing Business 2018 ranking by the World Bank (WB), with a total score of 72.87 points, right under the Republic… Mai mult

Ministry of Finance assures that 2017 target deficit, namely 2.96% of GDP, is not at risk

Regarding the EUROSTAT release on Romania’s budget deficit in the second quarter of 2017, the Ministry of Public Finance (MFP) has issued a press release… Mai mult

Trade Winds: US broadens economic cooperation base with Romania: most US companies coming to Bucharest are SMEs

SMEs are the most numerous among the over 100 American companies participating in the Trade Winds mission launched in Bucharest by the US Department of… Mai mult

Government introduces a tax on jobs: 2% on salary fund for employers. Finance Minister says EU forces us to do so

Finance Minister Ionut Misa announced on Wednesday evening in an interview for Antena3 that the Government will introduce a "solidarity tax" applied to employers, depending… Mai mult

Transgaz borrows EUR 50 million from EIB to finance BRUA pipeline

  Shareholders of Transgaz national gas carrier will provide information on the conclusion of an EUR 50 million loan agreement with the European Investment Bank… Mai mult

European Commission’s announcement to Government and Parliament: Gas transactions market cannot be monopolized by OPCOM

Romania risks the infringement procedure if the Parliament adopts definitive amendments to the Emergency Ordinance 64/2017 on the natural gas market, which provides for the… Mai mult

Ministry of Finance has sold euro bonds worth one billion euros on foreign market

The Ministry of Finance (MFP) placed euro bonds worth EUR 1 billion on the foreign market by reopening the issue with the maturity of 10… Mai mult

Ford launches production of EcoSport in Craiova. Total investment in Romania reaches over EUR 1.2 billion

Ford officially launched the production of the EcoSport SUV at the plant in Craiova, raising total investments in Romania to about EUR 1.2 billion, since… Mai mult