Romania Considers Universal Transaction Tax: 3% Commission on All Purchases?

Romania Faces Potential Universal Transaction Tax: A 3% Commission on All Transactions? Romania is considering a groundbreaking policy change that could significantly impact its citizens' finances. A proposed universal transaction tax, currently under discussion, would impose a 3% commission on all transactions within the country. This includes everything from bank transfers and online payments to everyday purchases at stores. The potential revenue generated is estimated at 50 billion RON annually, a substantial sum intended to bolster the state budget. Realitatea Plus reporter Alexandra Nistorescu explains, "This means that any transaction we make will be taxed, leading to a commission." She highlights the far-reaching consequences, affecting not only large financial transactions but also everyday spending. The proposal's origin is attributed to the business sector, adding another layer of complexity to the debate. Data from 2023 shows that Romania processed transactions worth billions of Euros, illustrating the potential scale of the tax's impact. While the proposal is still under consideration, the potential for widespread financial implications makes it a significant development for the Romanian economy and its people. The long-term effects and public response remain to be seen.