Romania to double turnover tax for banks

Business Forum

3 July, 2025 at 7:00 PM

Romania's Government aims to double the special turnover tax for banks to 4% as part of a wider fiscal package designed to balance public finances.

The higher tax will be applied starting July 2025 until the end of 2026, according to a draft bill that will be backed by the Government in a special session in Parliament.

"Banks in Romania have one of the best returns on equity in this part of Europe. I believe they can contribute larger sums to state budget revenues," stated PM Ilie Bolojan.

In the first two semesters of 2025, banks had to pay a turnover tax of 2%.

The banking sector's profit in 2024 was RON 14.8 billion (€2.92 billion), recorded across 32 banks, including 8 branches of foreign banks, according to central bank data. This represents the largest profit ever registered by the banking sector since 1990.

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