ANALYSIS More than 300 large companies in Romania could be affected by the “solidarity tax” proposed by the governing coalition. The state will collect more than 5 billion lei from large exporters, highway builders and state-owned companies FULL LIST

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More than 300 Romanian and foreign companies active in Romania could be affected by a 1% “solidarity tax” currently being discussed in the governing coalition, which could apply to companies with a minimum turnover of 100 million euros. Economedia’s calculations show that the government would collect more than 5 billion lei if it taxes the business of these companies.

  • Background. The introduction of a “solidarity tax” of 1% of turnover for companies with a turnover of over €100 million was discussed at Monday’s coalition meeting. The idea belongs to the UDMR, was publicly announced by Kelemen Hunor, and is inspired by the policies of the government in Budapest. The PSD quickly adopted it, as Marcel Ciolacu announced. But the Liberals are strongly opposed, as PNL president Florin Cîțu announced on Tuesday. The reason is that the PNL has consistently promised not to impose new taxes, according to G4Media. The measure was also met with opposition from Romanian companies. The American Chamber of Commerce in Romania (AmCham) has called on the governing coalition to drop its intention to introduce a solidarity tax, saying that such a measure discourages investment and company expansion in Romania. The Council of Foreign Investors (FIC) is also calling for the measure to be scrapped, which it claims penalizes precisely those companies that are tax compliant and have managed to perform under restrictive health conditions.

In total, 317 companies reported business of at least €100 million in Romania in 2020 (at the BNR exchange rate on 31 December 2020, i.e. 4.8694 lei/euro), according to Economedia calculations based on the latest data aggregated by the TopFirme.ro portal.

These companies had a cumulative turnover of 565.075 billion lei in 2020, so a 1% tax on the turnover of each of these companies would bring a cumulative total of 5.6 billion lei to the state budget.

The data analyzed by the Economedia shows that large Romanian companies, real “engines of the economy”, but also foreign companies and state companies will be affected by the solidarity tax proposed by the governing coalition, if it is implemented.

Automobile Dacia, the largest exporter in the economy and the leading company in Romania by turnover, with a turnover of 18.3 billion lei, would have to pay 183 million lei to the state. Also in the automotive sector, Ford, in the top 10 companies by turnover, would give the state 124 million lei. OMV Petrom would give, cumulatively, for the two companies in the top (OMV Petrom and OMV Petrom Marketing), over 290 million lei. The German retailers Lidl and Kaufland would have to pay the state 129 and 128 million lei respectively.

Large Romanian entrepreneurial companies would also suffer from this tax. Dedeman, one of the top 10 companies by turnover, would have to pay 91 million lei to the state.

At the same time, if not exempted, large state-owned companies would also have to “move money” from their own pockets to those of the state, which is often the majority shareholder. Romgaz, for example, would have to give the state, in addition to the usual dividends (usually 90% of profits), another 39 million lei if it is taxed at 1% of turnover. Nuclearelectrica would give more than 24 million lei. CFR Călători, already in difficulty, would pay 18 million lei.

CNAIR and major motorway builders would also be affected by the tax: the road company would have to pay 14 million lei, while builders such as Astaldi or Spedition UMB would give up to 12 and 10 million lei respectively.

TV stations would not be spared either: PRO TV could pay more than 8 million lei, while Antena Group would have to pay more than 4 million lei.

The final form of the solidarity tax, its duration and exceptions to its application are not yet known.

Economist Lucian Croitoru, advisor to the governor of the National Bank of Romania, says that if a solidarity tax is introduced, shareholders will decide to make two or more companies. “In the first year, taken by surprise by such a measure, firms with a turnover of more than €100 million will pay something. After that, the revenue from the solidarity tax will be virtually zero,” he says in a Facebook post.

“The people” will pay the new solidarity tax, says tax consultant Gabriel Biriș. “Turnover of more than 100 million euros in Romania is generated by energy companies, retailers, telecom – companies that have no problem passing it on to buyers. So the people will pay for it. A few other big exporters, such as Dacia, Ford and a few others, many in the automotive industry, which has been suffering massively lately and on which several hundred thousand jobs and a large part of exports depend. They are likely to grit their teeth and pay for it for 1-2 years, until the madness passes, if it passes. In the meantime, zero new investment…”, Biriș says in a post.

Full list of companies in Romania with business over €100 million (at the NBR exchange rate on 31 December 2020: 4.8694 lei/euro):

CompanyTurnover (million lei)Turnover (mill. euro)
AUTOMOBILE-DACIA SA183003750
OMV PETROM SA148003039
OMV PETROM MARKETING SRL145002977
LIDL DISCOUNT SRL129002649
KAUFLAND ROMANIA SCS128002628
FORD ROMANIA SA124002546
BRITISH AMERICAN TOBACCO (ROMANIA) TRADING SRL114002341
ROMPETROL DOWNSTREAM SRL93001909
DEDEMAN SRL91001868
CARREFOUR ROMANIA SA90001848
PROFI ROM FOOD SRL88001807
ROMPETROL RAFINARE SA83001704
STAR ASSEMBLY SRL74001519
MEGA IMAGE SRL72001478
DANTE INTERNATIONAL SA670013745
ENGIE ROMANIA S.A.65001334
METRO CASH & CARRY ROMANIA SRL61001252
LUKOIL ROMANIA SRL60001232
ORANGE ROMANIA SA56001150
AUCHAN ROMÂNIA SA56001150
MOL ROMANIA PETROLEUM PRODUCTS SRL55001129
ELECTRICA FURNIZARE SA51001047
ALTEX ROMANIA SRL51001047
SAMSUNG ELECTRONICS ROMANIA SRL49001006
REWE (ROMANIA) SRL4700965
VODAFONE ROMANIA SA4500924
FILDAS TRADING SRL4300883
E.ON ENERGIE ROMÂNIA SA4200862
MEDIPLUS EXIM SRL4000821
SOCIETATEA NATIONALA DE GAZE NATURALE ” ROMGAZ ” SA3900800
ROBERT BOSCH SRL3900800
RCS & RDS SA3900800
SELGROS CASH & CARRY SRL3900800
SOCIETATEA DE PRODUCERE A ENERGIEI ELECTRICE IN HIDROCENTRALE ” HIDROELECTRICA” S.A.3800780
PETROTEL – LUKOIL SA3800780
ALLIANCE HEALTHCARE ROMANIA S.R.L.3800780
RENAULT COMMERCIAL ROUMANIE SRL3600739
AUTOLIV ROMANIA SRL3400698
MICHELIN ROMANIA S.A.3200657
PORSCHE ROMANIA SRL3100636
AMEROPA GRAINS SA3100636
CARGILL AGRICULTURA SRL3100636
HELLA ROMÂNIA SRL3000616
TELEKOM ROMANIA COMMUNICATIONS S.A.2900595
ENEL ENERGIE SA2900595
PHILIP MORRIS TRADING SRL2800575
ENEL ENERGIE MUNTENIA SA2800575
ARCTIC SA2700554
CONTINENTAL AUTOMOTIVE PRODUCTS SRL2700554
SCHAEFFLER ROMANIA SRL2600533
PIRELLI TYRES ROMANIA S.R.L.2500513
FARMEXIM SA2500513
SOCIETATEA NATIONALA “NUCLEARELECTRICA” SA2400492
COCA-COLA HBC ROMANIA SRL2400492
HS TIMBER PRODUCTIONS S.R.L.2400492
BOSCH AUTOMOTIVE S.R.L.2400492
ALRO SA2300472
COMPANIA NATIONALA DE TRANSPORT AL ENERGIEI ELECTRICE “TRANSELECTRICA” SA2300472
VITERRA ROMANIA S.R.L.2200451
TINMAR ENERGY S.A.2200451
MAKITA EU SRL2200451
LEROY MERLIN ROMANIA SRL2200451
EBERSPAECHER EXHAUST TECHNOLOGY ROMANIA SRL2200451
TELEKOM ROMANIA MOBILE COMMUNICATIONS S.A.2100431
SOCIETATEA COMPLEXUL ENERGETIC OLTENIA S.A.2100431
ARABESQUE SRL2100431
OSCAR DOWNSTREAM SRL2100431
URSUS BREWERIES SA2000410
CEZ VANZARE SA2000410
ARTIMA SA2000410
SENSIBLU SRL2000410
BUNGE ROMANIA SRL1900390
HUAWEI TECHNOLOGIES SRL1900390
AZOMURES SA1800369
REGIA NATIONALA A PADURILOR ROMSILVA RA1800369
SOCIETATEA NATIONALA DE TRANSPORT FEROVIAR DE CALATORI – CFR – CALATORI SA1800369
PROCTER & GAMBLE DISTRIBUTION SRL1800369
BORGWARNER ROMANIA S.R.L.1800369
NETWORK ONE DISTRIBUTION SRL1800369
CHS AGRITRADE ROMANIA SRL1700349
J.T. INTERNATIONAL (ROMANIA) SRL1700349
ELECTROCENTRALE BUCURESTI SA1700349
SILCOTUB S.A.1700349
ROMANIA HYPERMARCHE SA1600328
Holcim (Romania) SA1600328
DE’LONGHI ROMANIA SRL1600328
KRONOSPAN TRADING S.R.L.1600328
TRW AUTOMOTIVE SAFETY SYSTEMS S.R.L.1600328
COMPANIA NAŢIONALĂ DE ADMINISTRARE A INFRASTRUCTURII RUTIERE S.A.1500308
GETICA 95 COM SRL1500308
DELGAZ GRID S.A.1500308
AQUILA PART PROD COM S.A.1500308
SMART DIESEL S.R.L.1500308
SOCIETATEA NAŢIONALĂ DE TRANSPORT GAZE NATURALE TRANSGAZ SA1500308
EGGER ROMANIA SRL1500308
APTIV TECHNOLOGY SERVICES & SOLUTIONS S.R.L.1400287
SUN GARDEN MANAGEMENT SOCIETATE ÎN COMANDITĂ SIMPLĂ1400287
INTERBRANDS MARKETING & DISTRIBUTION SRL1400287
AD AUTO TOTAL SRL1400287
TOYOTA ROMANIA SRL1400287
PEPCO RETAIL SRL1400287
CELESTICA ( ROMANIA ) SRL1300266
PORSCHE INTER AUTO ROMANIA SRL1300266
HEIDELBERGCEMENT ROMÂNIA S.A.1300266
ROMCIM S.A.1300266
MARQUARDT SCHALTSYSTEME SCS1300266
COMPANIA NATIONALA POSTA ROMANA S.A.1300266
ADIENT AUTOMOTIVE ROMANIA SRL1300266
MERCEDES-BENZ ROMANIA SRL1300266
HEINEKEN ROMANIA SA1300266
SANOFI ROMANIA SRL1300266
COMPANIA MUNICIPALĂ TERMOENERGETICA BUCUREŞTI S.A.1300266
DISTRIGAZ SUD RETELE S.R.L.1300266
PHARMAFARM S.A.1200246
LEONI WIRING SYSTEMS RO SRL1200246
SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A.1200246
MAIRON GALATI SA1200246
ARAMIS INVEST SRL1200246
TIRIAC AUTO SRL1200246
ASTALDI Spa ITALIA SUCURSALA ROMANIA BUCURESTI – SEDIU PERMANENT DESEMNAT1200246
ZES ZOLLNER ELECTRONIC SRL1200246
CHIMCOMPLEX SA BORZESTI1200246
CAMERON ROMÂNIA SRL1200246
AGRICOVER S.A.1200246
LEAR CORPORATION ROMANIA SRL1200246
EXPUR SA1200246
PREH ROMANIA SRL1100225
PHILIPS ORĂŞTIE S.R.L.1100225
EATON ELECTRO PRODUCTIE S.R.L.1100225
COLUMBUS OPERATIONAL SRL1100225
DONA. LOGISTICA S.A.1100225
BAYER SRL1100225
PFIZER ROMANIA SRL1100225
FLANCO RETAIL SA1100225
HORNBACH CENTRALA SRL1100225
UNILEVER SOUTH CENTRAL EUROPE SA1100225
FAURECIA ROMANIA SRL1000205
SPEDITION UMB SRL1000205
YAZAKI ROMANIA S.R.L.1000205
FAN COURIER EXPRESS SRL1000205
TMK-ARTROM SA1000205
S.I.E.P.C.O.F.A.R. SA1000205
HELP NET FARMA SA978,7200
JT INTERNATIONAL MANUFACTURING SA974200
EMERSON SRL961,8197
INTERTRANSCOM IMPEX SRL961,3197
INTER CARS ROMÂNIA SRL958,3196
MET ROMÂNIA ENERGY S.A.953,4195
IBM ROMANIA SRL952,4195
IKEA ROMANIA S.A.951,5195
JOHNSON & JOHNSON ROMANIA SRL950,2195
ROUMASPORT SRL948194
QUADRANT – AMROQ BEVERAGES SRL947,1194
HENKEL ROMANIA SRL945194
TEHNOSTRADE SRL936,3192
COMPANIA NATIONALA DE CAI FERATE “CFR” SA936,2192
NESTLE ROMÂNIA SRL933191
PLEXUS SERVICES RO SRL928,7190
WEBASTO ROMANIA SRL925189
DISTRIBUȚIE ENERGIE OLTENIA S.A.897,6184
COFICAB EASTERN EUROPE S.R.L.897,4184
RENAULT TECHNOLOGIE ROUMANIE S.R.L.889,5182
MERCEDES-BENZ TRUCKS & BUSES ROMANIA S.R.L.888182
FERRERO ROMANIA SRL879,8180
ADMINISTRATIA ROMANA A SERVICIILOR DE TRAFIC AERIAN ROMATSA RA879,1180
ROMCAB SA878,3180
LUZAN LOGISTIC S.R.L.874,8179
STRABAG SRL869,9178
YAZAKI COMPONENT TECHNOLOGY SRL869,8178
PREMIER RESTAURANTS ROMANIA SRL869178
SE BORDNETZE SRL862,8177
E-DISTRIBUŢIE MUNTENIA S.A.858,5176
METROREX SA855,9175
PROMAT COMIMPEX SRL850174
Porr Construct SRL845,5173
ROMAQUA GROUP SA841,5172
ELECTROLUX ROMANIA SA834,4171
APA NOVA BUCURESTI SA829170
ROMSTAL IMEX SRL828170
SOCAR PETROLEUM S.A.827,1169
JUMBO EC.R SRL826,8169
BMW ROMANIA S.R.L.819,5168
ORACLE ROMANIA SRL819168
PRO TV SRL813,9167
FCC CONSTRUCCION S.A. BARCELONA SUCURSALA BUCURESTI807,8165
SANTIERUL NAVAL DAMEN GALATI SA806,7165
BILKA STEEL SRL795,3163
GERSIM IMPEX SRL791,8162
TERAPIA SA791,1162
ERICSSON TELECOMMUNICATIONS ROMANIA SRL787,9161
ICME ECAB SA784,8161
ZOPPAS INDUSTRIES ROMANIA SRL776,3159
CEREALCOM DOLJ SRL775,4159
IPSO SRL773,3158
ENDAVA ROMANIA SRL764,1158
ALBALACT S.A.763156
AGRANA ROMANIA S.R.L.760,1156
SEWS ROMANIA S.R.L.756,2155
FARMACIA TEI SRL755,2155
CUMMINS GENERATOR TECHNOLOGIES ROMANIA SA751,1154
ENERGY DISTRIBUTION SERVICES SRL749,4153
CENTRUL MEDICAL UNIREA SRL733,5150
PUNCTUAL COMIMPEX SRL731,6150
ADIENT SRL730,7159
CONSTRUCTII ERBASU SA719,2147
DISTRIBUŢIE ENERGIE ELECTRICĂ ROMANIA S.A.709,9145
FLEXTRONICS ROMÂNIA SRL709,3145
STABILUS ROMANIA SRL707145
CATENA HYGEIA SRL703,7144
STAR FOODS E.M. SRL699,9143
PREMIER ENERGY SRL697,1143
AUTOMOBILE BAVARIA SRL696,1142
EUROPHARM HOLDING SA692,6142
GRUP FEROVIAR ROMAN SA692,2142
AUTOKLASS CENTER SRL686,7141
MASPEX ROMANIA SRL685,3140
H&M HENNES & MAURITZ SRL679,2139
CRIS-TIM COMPANIE DE FAMILIE S.R.L.677,1139
ASTRA RAIL INDUSTRIES S.A.675,7138
JYSK ROMÂNIA SRL675,6138
RENAULT MECANIQUE ROUMANIE SRL674,5138
HTS HONGTA SERVICES SRL674,4138
ALUM SA672,7138
UNICARM SRL671,3137
AIK ENERGY ROMÂNIA S.R.L.671,2137
B A S F SRL670,5137
LINDE GAZ ROMANIA SRL660,9135
KASTAMONU ROMANIA SA658,7135
BERGENBIER S.A.653134
TRANSAVIA SA650,7133
PRUTUL SA648,3133
LAGARDERE TRAVEL RETAIL SRL644,2132
ZARA BUCURESTI SRL643,5132
LEONI WIRING SYSTEMS ARAD SRL642131
DANONE – PRODUCTIE SI DISTRIBUTIE DE PRODUSE ALIMENTARE SRL633,5130
ROMINSERV SRL632,3129
ELIT S.R.L.619,1127
PHILIPS ROMANIA SRL619127
ALCEDO SRL617,8126
ROMPETROL GAS SRL612,6125
DUCATI ENERGIA ROMANIA SA607124
PHILIP MORRIS ROMANIA SRL605,3124
SERMEDIC SRL604,9124
CONTITECH ROMANIA SRL604,2124
BOG ‘ART SRL598,3122
MACROMEX SRL593,1121
MADIROM PROD SRL589,3121
TRUST MOTORS SRL581,8119
HAVI LOGISTICS SRL581,8119
IMPERIAL TOBACCO DISTRIBUTION ROMANIA SRL577,5118
HAMMERER ALUMINIUM INDUSTRIES SANTANA S.R.L.572,7117
NORTH CHEMICAL COMPLEX S.R.L.572,1117
SUPECO INVESTMENT SRL568,7116
MARS ROMANIA SRL568,5116
AUGSBURG INTERNATIONAL IMPEX SRL566,8116
CAN-PACK ROMANIA SRL563115
OMV PETROM GLOBAL SOLUTIONS SRL561,8115
ROPHARMA LOGISTIC S.A.561115
MAHLE COMPONENTE DE MOTOR SRL560,3115
ZENTIVA S.A.558114
VEL PITAR SA556,4114
SA & PE CONSTRUCT SRL556114
SCHENKER LOGISTICS ROMANIA S.A.552,9113
COFICAB PLOIEŞTI SRL552,6113
BRISTOL-MYERS SQUIBB ROMANIA S.R.L.550,1112
AGROTEX S.R.L.548,2112
COMPA SA547,1112
ATOS IT SOLUTIONS AND SERVICES SRL544,6111
SYNGENTA AGRO SRL543,3111
SOCIETE GENERALE GLOBAL SOLUTION CENTRE S.A.543,2111
AAYLEX PROD S.A.538,5110
LICIUCHICIU WEB DESIGN S.R.L.537,8110
LACTALIS ROMANIA S.A.537,7110
FABRICA DE LAPTE BRAȘOV S.A.537,4110
THYSSENKRUPP BILSTEIN S.A.536,5110
LG Electronics Magyar Kereskedelmi Kft. Budapesta Sucursala Bucuresti532,9109
CARLSROM BEVERAGE CO SRL529,9108
SAINT-GOBAIN GLASS ROMANIA SRL529,8108
L’OREAL ROMANIA S.R.L.526,2108
US FOOD NETWORK SA545107
SAINT-GOBAIN CONSTRUCTION PRODUCTS ROMANIA SRL524,4107
ARCADA COMPANY SA524107
HIDROCONSTRUCTIA SA520,5106
E-DISTRIBUŢIE BANAT S.A.516,9106
SOCIETATEA NATIONALA DE TRANSPORT FEROVIAR DE MARFA “CFR – MARFA” SA516,9106
JOYSONQUIN AUTOMOTIVE SYSTEMS ROMANIA S.R.L.514,5105
BLACK SEA SUPPLIERS SRL513105
HYUNDAI AUTO ROMANIA SRL512,7105
LPP ROMÂNIA FASHION SRL511,9105
ADEPLAST S.R.L.509,9104
INTERSNACK ROMANIA SRL509,7104
MED LIFE SA508,8104
AIK ENERGY LTD LONDRA SUCURSALA BUCURESTI508,2104
VODAFONE ROMÂNIA TECHNOLOGIES SRL508,1104
CTP INVEST BUCHAREST SRL505103
CAMBELA PROD SRL504,1103
EFT FURNIZARE SRL503103
CAROLI FOODS GROUP SRL500,8102
CHIPITA ROMANIA SRL500,7102
GRUPO ANTOLIN SIBIU SRL500,3102
VOTROM SRL499,8102
OLTINA IMPEX PROD COM SRL499,4102
RENOVATIO TRADING SRL499,2102
TMK – REŞIŢA SA499102
FRIGOGLASS ROMANIA SRL498,9102
MARATHON DISTRIBUTION GROUP SRL498,2102
ACCENTURE SERVICES SRL497,7102
SIMBA INVEST SRL495,9101
HOCHLAND ROMÂNIA S.R.L.495,3101
CARGUS S.R.L.493,7101
CON-A S.R.L.493101
TIMKEN ROMANIA S.A.492,6101
ENEL GREEN POWER ROMANIA SRL492,5101
TIM RAIL CARGO SRL490,3100,6
MONSSON TRADING SRL489100,4
E-DISTRIBUŢIE DOBROGEA S.A.488,4100,2
M. TABAC SRL488,4100,2
Total565075128255,4

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