January 13 (SeeNews) - Romania's finance minister Adrian Caciu said that oil and gas company OMV Petrom [BSE:SNP] might not be exempt from paying solidarity tax on 2022 windfall profits, as the company has suggested.
"I can distinguish between a fiscal announcement and a marketing one. It is an announcement on the stock exchange in which an opinion is expressed. Fiscal data will be available at the end of February, other data at the end of June, when the tax must be calculated and paid," Caciu said during a talk-show on Euronews Romania on Thursday.
Earlier on Thursday, OMV Petrom said it believes that it will not have to pay solidarity tax on windfall profits for the fiscal year 2022, having less than 75% of its turnover in the defined areas: extraction of crude, extraction of natural gas, extraction of coal and refining business.
In December, the government approved an emergency decree enforcing a solidarity contribution of 60% of taxable profits of oil and natural gas producers and oil refining companies that exceed by more than 20% the average profits recorded in the 2018-2021 period, aligning Romanian legislation with the EU regulation adopted in October that introduced a temporary solidarity contribution.
OMV Petrom's shares traded 1.32% lower at 0.4490 lei on the Bucharest Stock Exchange by 1112 CET on Friday .
(1 euro=4.9359 lei)
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