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

Bani, investitie, economii Foto: Pexels.com

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.

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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):

Company Turnover (million lei) Turnover (mill. euro)
AUTOMOBILE-DACIA SA 18300 3750
OMV PETROM SA 14800 3039
OMV PETROM MARKETING SRL 14500 2977
LIDL DISCOUNT SRL 12900 2649
KAUFLAND ROMANIA SCS 12800 2628
FORD ROMANIA SA 12400 2546
BRITISH AMERICAN TOBACCO (ROMANIA) TRADING SRL 11400 2341
ROMPETROL DOWNSTREAM SRL 9300 1909
DEDEMAN SRL 9100 1868
CARREFOUR ROMANIA SA 9000 1848
PROFI ROM FOOD SRL 8800 1807
ROMPETROL RAFINARE SA 8300 1704
STAR ASSEMBLY SRL 7400 1519
MEGA IMAGE SRL 7200 1478
DANTE INTERNATIONAL SA 6700 13745
ENGIE ROMANIA S.A. 6500 1334
METRO CASH & CARRY ROMANIA SRL 6100 1252
LUKOIL ROMANIA SRL 6000 1232
ORANGE ROMANIA SA 5600 1150
AUCHAN ROMÂNIA SA 5600 1150
MOL ROMANIA PETROLEUM PRODUCTS SRL 5500 1129
ELECTRICA FURNIZARE SA 5100 1047
ALTEX ROMANIA SRL 5100 1047
SAMSUNG ELECTRONICS ROMANIA SRL 4900 1006
REWE (ROMANIA) SRL 4700 965
VODAFONE ROMANIA SA 4500 924
FILDAS TRADING SRL 4300 883
E.ON ENERGIE ROMÂNIA SA 4200 862
MEDIPLUS EXIM SRL 4000 821
SOCIETATEA NATIONALA DE GAZE NATURALE ” ROMGAZ ” SA 3900 800
ROBERT BOSCH SRL 3900 800
RCS & RDS SA 3900 800
SELGROS CASH & CARRY SRL 3900 800
SOCIETATEA DE PRODUCERE A ENERGIEI ELECTRICE IN HIDROCENTRALE ” HIDROELECTRICA” S.A. 3800 780
PETROTEL – LUKOIL SA 3800 780
ALLIANCE HEALTHCARE ROMANIA S.R.L. 3800 780
RENAULT COMMERCIAL ROUMANIE SRL 3600 739
AUTOLIV ROMANIA SRL 3400 698
MICHELIN ROMANIA S.A. 3200 657
PORSCHE ROMANIA SRL 3100 636
AMEROPA GRAINS SA 3100 636
CARGILL AGRICULTURA SRL 3100 636
HELLA ROMÂNIA SRL 3000 616
TELEKOM ROMANIA COMMUNICATIONS S.A. 2900 595
ENEL ENERGIE SA 2900 595
PHILIP MORRIS TRADING SRL 2800 575
ENEL ENERGIE MUNTENIA SA 2800 575
ARCTIC SA 2700 554
CONTINENTAL AUTOMOTIVE PRODUCTS SRL 2700 554
SCHAEFFLER ROMANIA SRL 2600 533
PIRELLI TYRES ROMANIA S.R.L. 2500 513
FARMEXIM SA 2500 513
SOCIETATEA NATIONALA “NUCLEARELECTRICA” SA 2400 492
COCA-COLA HBC ROMANIA SRL 2400 492
HS TIMBER PRODUCTIONS S.R.L. 2400 492
BOSCH AUTOMOTIVE S.R.L. 2400 492
ALRO SA 2300 472
COMPANIA NATIONALA DE TRANSPORT AL ENERGIEI ELECTRICE “TRANSELECTRICA” SA 2300 472
VITERRA ROMANIA S.R.L. 2200 451
TINMAR ENERGY S.A. 2200 451
MAKITA EU SRL 2200 451
LEROY MERLIN ROMANIA SRL 2200 451
EBERSPAECHER EXHAUST TECHNOLOGY ROMANIA SRL 2200 451
TELEKOM ROMANIA MOBILE COMMUNICATIONS S.A. 2100 431
SOCIETATEA COMPLEXUL ENERGETIC OLTENIA S.A. 2100 431
ARABESQUE SRL 2100 431
OSCAR DOWNSTREAM SRL 2100 431
URSUS BREWERIES SA 2000 410
CEZ VANZARE SA 2000 410
ARTIMA SA 2000 410
SENSIBLU SRL 2000 410
BUNGE ROMANIA SRL 1900 390
HUAWEI TECHNOLOGIES SRL 1900 390
AZOMURES SA 1800 369
REGIA NATIONALA A PADURILOR ROMSILVA RA 1800 369
SOCIETATEA NATIONALA DE TRANSPORT FEROVIAR DE CALATORI – CFR – CALATORI SA 1800 369
PROCTER & GAMBLE DISTRIBUTION SRL 1800 369
BORGWARNER ROMANIA S.R.L. 1800 369
NETWORK ONE DISTRIBUTION SRL 1800 369
CHS AGRITRADE ROMANIA SRL 1700 349
J.T. INTERNATIONAL (ROMANIA) SRL 1700 349
ELECTROCENTRALE BUCURESTI SA 1700 349
SILCOTUB S.A. 1700 349
ROMANIA HYPERMARCHE SA 1600 328
Holcim (Romania) SA 1600 328
DE’LONGHI ROMANIA SRL 1600 328
KRONOSPAN TRADING S.R.L. 1600 328
TRW AUTOMOTIVE SAFETY SYSTEMS S.R.L. 1600 328
COMPANIA NAŢIONALĂ DE ADMINISTRARE A INFRASTRUCTURII RUTIERE S.A. 1500 308
GETICA 95 COM SRL 1500 308
DELGAZ GRID S.A. 1500 308
AQUILA PART PROD COM S.A. 1500 308
SMART DIESEL S.R.L. 1500 308
SOCIETATEA NAŢIONALĂ DE TRANSPORT GAZE NATURALE TRANSGAZ SA 1500 308
EGGER ROMANIA SRL 1500 308
APTIV TECHNOLOGY SERVICES & SOLUTIONS S.R.L. 1400 287
SUN GARDEN MANAGEMENT SOCIETATE ÎN COMANDITĂ SIMPLĂ 1400 287
INTERBRANDS MARKETING & DISTRIBUTION SRL 1400 287
AD AUTO TOTAL SRL 1400 287
TOYOTA ROMANIA SRL 1400 287
PEPCO RETAIL SRL 1400 287
CELESTICA ( ROMANIA ) SRL 1300 266
PORSCHE INTER AUTO ROMANIA SRL 1300 266
HEIDELBERGCEMENT ROMÂNIA S.A. 1300 266
ROMCIM S.A. 1300 266
MARQUARDT SCHALTSYSTEME SCS 1300 266
COMPANIA NATIONALA POSTA ROMANA S.A. 1300 266
ADIENT AUTOMOTIVE ROMANIA SRL 1300 266
MERCEDES-BENZ ROMANIA SRL 1300 266
HEINEKEN ROMANIA SA 1300 266
SANOFI ROMANIA SRL 1300 266
COMPANIA MUNICIPALĂ TERMOENERGETICA BUCUREŞTI S.A. 1300 266
DISTRIGAZ SUD RETELE S.R.L. 1300 266
PHARMAFARM S.A. 1200 246
LEONI WIRING SYSTEMS RO SRL 1200 246
SOCIETATEA DE TRANSPORT BUCUREŞTI STB S.A. 1200 246
MAIRON GALATI SA 1200 246
ARAMIS INVEST SRL 1200 246
TIRIAC AUTO SRL 1200 246
ASTALDI Spa ITALIA SUCURSALA ROMANIA BUCURESTI – SEDIU PERMANENT DESEMNAT 1200 246
ZES ZOLLNER ELECTRONIC SRL 1200 246
CHIMCOMPLEX SA BORZESTI 1200 246
CAMERON ROMÂNIA SRL 1200 246
AGRICOVER S.A. 1200 246
LEAR CORPORATION ROMANIA SRL 1200 246
EXPUR SA 1200 246
PREH ROMANIA SRL 1100 225
PHILIPS ORĂŞTIE S.R.L. 1100 225
EATON ELECTRO PRODUCTIE S.R.L. 1100 225
COLUMBUS OPERATIONAL SRL 1100 225
DONA. LOGISTICA S.A. 1100 225
BAYER SRL 1100 225
PFIZER ROMANIA SRL 1100 225
FLANCO RETAIL SA 1100 225
HORNBACH CENTRALA SRL 1100 225
UNILEVER SOUTH CENTRAL EUROPE SA 1100 225
FAURECIA ROMANIA SRL 1000 205
SPEDITION UMB SRL 1000 205
YAZAKI ROMANIA S.R.L. 1000 205
FAN COURIER EXPRESS SRL 1000 205
TMK-ARTROM SA 1000 205
S.I.E.P.C.O.F.A.R. SA 1000 205
HELP NET FARMA SA 978,7 200
JT INTERNATIONAL MANUFACTURING SA 974 200
EMERSON SRL 961,8 197
INTERTRANSCOM IMPEX SRL 961,3 197
INTER CARS ROMÂNIA SRL 958,3 196
MET ROMÂNIA ENERGY S.A. 953,4 195
IBM ROMANIA SRL 952,4 195
IKEA ROMANIA S.A. 951,5 195
JOHNSON & JOHNSON ROMANIA SRL 950,2 195
ROUMASPORT SRL 948 194
QUADRANT – AMROQ BEVERAGES SRL 947,1 194
HENKEL ROMANIA SRL 945 194
TEHNOSTRADE SRL 936,3 192
COMPANIA NATIONALA DE CAI FERATE “CFR” SA 936,2 192
NESTLE ROMÂNIA SRL 933 191
PLEXUS SERVICES RO SRL 928,7 190
WEBASTO ROMANIA SRL 925 189
DISTRIBUȚIE ENERGIE OLTENIA S.A. 897,6 184
COFICAB EASTERN EUROPE S.R.L. 897,4 184
RENAULT TECHNOLOGIE ROUMANIE S.R.L. 889,5 182
MERCEDES-BENZ TRUCKS & BUSES ROMANIA S.R.L. 888 182
FERRERO ROMANIA SRL 879,8 180
ADMINISTRATIA ROMANA A SERVICIILOR DE TRAFIC AERIAN ROMATSA RA 879,1 180
ROMCAB SA 878,3 180
LUZAN LOGISTIC S.R.L. 874,8 179
STRABAG SRL 869,9 178
YAZAKI COMPONENT TECHNOLOGY SRL 869,8 178
PREMIER RESTAURANTS ROMANIA SRL 869 178
SE BORDNETZE SRL 862,8 177
E-DISTRIBUŢIE MUNTENIA S.A. 858,5 176
METROREX SA 855,9 175
PROMAT COMIMPEX SRL 850 174
Porr Construct SRL 845,5 173
ROMAQUA GROUP SA 841,5 172
ELECTROLUX ROMANIA SA 834,4 171
APA NOVA BUCURESTI SA 829 170
ROMSTAL IMEX SRL 828 170
SOCAR PETROLEUM S.A. 827,1 169
JUMBO EC.R SRL 826,8 169
BMW ROMANIA S.R.L. 819,5 168
ORACLE ROMANIA SRL 819 168
PRO TV SRL 813,9 167
FCC CONSTRUCCION S.A. BARCELONA SUCURSALA BUCURESTI 807,8 165
SANTIERUL NAVAL DAMEN GALATI SA 806,7 165
BILKA STEEL SRL 795,3 163
GERSIM IMPEX SRL 791,8 162
TERAPIA SA 791,1 162
ERICSSON TELECOMMUNICATIONS ROMANIA SRL 787,9 161
ICME ECAB SA 784,8 161
ZOPPAS INDUSTRIES ROMANIA SRL 776,3 159
CEREALCOM DOLJ SRL 775,4 159
IPSO SRL 773,3 158
ENDAVA ROMANIA SRL 764,1 158
ALBALACT S.A. 763 156
AGRANA ROMANIA S.R.L. 760,1 156
SEWS ROMANIA S.R.L. 756,2 155
FARMACIA TEI SRL 755,2 155
CUMMINS GENERATOR TECHNOLOGIES ROMANIA SA 751,1 154
ENERGY DISTRIBUTION SERVICES SRL 749,4 153
CENTRUL MEDICAL UNIREA SRL 733,5 150
PUNCTUAL COMIMPEX SRL 731,6 150
ADIENT SRL 730,7 159
CONSTRUCTII ERBASU SA 719,2 147
DISTRIBUŢIE ENERGIE ELECTRICĂ ROMANIA S.A. 709,9 145
FLEXTRONICS ROMÂNIA SRL 709,3 145
STABILUS ROMANIA SRL 707 145
CATENA HYGEIA SRL 703,7 144
STAR FOODS E.M. SRL 699,9 143
PREMIER ENERGY SRL 697,1 143
AUTOMOBILE BAVARIA SRL 696,1 142
EUROPHARM HOLDING SA 692,6 142
GRUP FEROVIAR ROMAN SA 692,2 142
AUTOKLASS CENTER SRL 686,7 141
MASPEX ROMANIA SRL 685,3 140
H&M HENNES & MAURITZ SRL 679,2 139
CRIS-TIM COMPANIE DE FAMILIE S.R.L. 677,1 139
ASTRA RAIL INDUSTRIES S.A. 675,7 138
JYSK ROMÂNIA SRL 675,6 138
RENAULT MECANIQUE ROUMANIE SRL 674,5 138
HTS HONGTA SERVICES SRL 674,4 138
ALUM SA 672,7 138
UNICARM SRL 671,3 137
AIK ENERGY ROMÂNIA S.R.L. 671,2 137
B A S F SRL 670,5 137
LINDE GAZ ROMANIA SRL 660,9 135
KASTAMONU ROMANIA SA 658,7 135
BERGENBIER S.A. 653 134
TRANSAVIA SA 650,7 133
PRUTUL SA 648,3 133
LAGARDERE TRAVEL RETAIL SRL 644,2 132
ZARA BUCURESTI SRL 643,5 132
LEONI WIRING SYSTEMS ARAD SRL 642 131
DANONE – PRODUCTIE SI DISTRIBUTIE DE PRODUSE ALIMENTARE SRL 633,5 130
ROMINSERV SRL 632,3 129
ELIT S.R.L. 619,1 127
PHILIPS ROMANIA SRL 619 127
ALCEDO SRL 617,8 126
ROMPETROL GAS SRL 612,6 125
DUCATI ENERGIA ROMANIA SA 607 124
PHILIP MORRIS ROMANIA SRL 605,3 124
SERMEDIC SRL 604,9 124
CONTITECH ROMANIA SRL 604,2 124
BOG ‘ART SRL 598,3 122
MACROMEX SRL 593,1 121
MADIROM PROD SRL 589,3 121
TRUST MOTORS SRL 581,8 119
HAVI LOGISTICS SRL 581,8 119
IMPERIAL TOBACCO DISTRIBUTION ROMANIA SRL 577,5 118
HAMMERER ALUMINIUM INDUSTRIES SANTANA S.R.L. 572,7 117
NORTH CHEMICAL COMPLEX S.R.L. 572,1 117
SUPECO INVESTMENT SRL 568,7 116
MARS ROMANIA SRL 568,5 116
AUGSBURG INTERNATIONAL IMPEX SRL 566,8 116
CAN-PACK ROMANIA SRL 563 115
OMV PETROM GLOBAL SOLUTIONS SRL 561,8 115
ROPHARMA LOGISTIC S.A. 561 115
MAHLE COMPONENTE DE MOTOR SRL 560,3 115
ZENTIVA S.A. 558 114
VEL PITAR SA 556,4 114
SA & PE CONSTRUCT SRL 556 114
SCHENKER LOGISTICS ROMANIA S.A. 552,9 113
COFICAB PLOIEŞTI SRL 552,6 113
BRISTOL-MYERS SQUIBB ROMANIA S.R.L. 550,1 112
AGROTEX S.R.L. 548,2 112
COMPA SA 547,1 112
ATOS IT SOLUTIONS AND SERVICES SRL 544,6 111
SYNGENTA AGRO SRL 543,3 111
SOCIETE GENERALE GLOBAL SOLUTION CENTRE S.A. 543,2 111
AAYLEX PROD S.A. 538,5 110
LICIUCHICIU WEB DESIGN S.R.L. 537,8 110
LACTALIS ROMANIA S.A. 537,7 110
FABRICA DE LAPTE BRAȘOV S.A. 537,4 110
THYSSENKRUPP BILSTEIN S.A. 536,5 110
LG Electronics Magyar Kereskedelmi Kft. Budapesta Sucursala Bucuresti 532,9 109
CARLSROM BEVERAGE CO SRL 529,9 108
SAINT-GOBAIN GLASS ROMANIA SRL 529,8 108
L’OREAL ROMANIA S.R.L. 526,2 108
US FOOD NETWORK SA 545 107
SAINT-GOBAIN CONSTRUCTION PRODUCTS ROMANIA SRL 524,4 107
ARCADA COMPANY SA 524 107
HIDROCONSTRUCTIA SA 520,5 106
E-DISTRIBUŢIE BANAT S.A. 516,9 106
SOCIETATEA NATIONALA DE TRANSPORT FEROVIAR DE MARFA “CFR – MARFA” SA 516,9 106
JOYSONQUIN AUTOMOTIVE SYSTEMS ROMANIA S.R.L. 514,5 105
BLACK SEA SUPPLIERS SRL 513 105
HYUNDAI AUTO ROMANIA SRL 512,7 105
LPP ROMÂNIA FASHION SRL 511,9 105
ADEPLAST S.R.L. 509,9 104
INTERSNACK ROMANIA SRL 509,7 104
MED LIFE SA 508,8 104
AIK ENERGY LTD LONDRA SUCURSALA BUCURESTI 508,2 104
VODAFONE ROMÂNIA TECHNOLOGIES SRL 508,1 104
CTP INVEST BUCHAREST SRL 505 103
CAMBELA PROD SRL 504,1 103
EFT FURNIZARE SRL 503 103
CAROLI FOODS GROUP SRL 500,8 102
CHIPITA ROMANIA SRL 500,7 102
GRUPO ANTOLIN SIBIU SRL 500,3 102
VOTROM SRL 499,8 102
OLTINA IMPEX PROD COM SRL 499,4 102
RENOVATIO TRADING SRL 499,2 102
TMK – REŞIŢA SA 499 102
FRIGOGLASS ROMANIA SRL 498,9 102
MARATHON DISTRIBUTION GROUP SRL 498,2 102
ACCENTURE SERVICES SRL 497,7 102
SIMBA INVEST SRL 495,9 101
HOCHLAND ROMÂNIA S.R.L. 495,3 101
CARGUS S.R.L. 493,7 101
CON-A S.R.L. 493 101
TIMKEN ROMANIA S.A. 492,6 101
ENEL GREEN POWER ROMANIA SRL 492,5 101
TIM RAIL CARGO SRL 490,3 100,6
MONSSON TRADING SRL 489 100,4
E-DISTRIBUŢIE DOBROGEA S.A. 488,4 100,2
M. TABAC SRL 488,4 100,2
Total 565075 128255,4

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