OMV Faces Extraordinary Tax in Romania

Politics ♦ Published: May 19, 2012; 12:31 ♦ (Vindobona)

OMV´s Romanian subsidiary Petrom is threatened by an extraordinary tax for oil companies. The tax should be introduced in 2013.

OMV Faces Extraordinary Tax in Romania / Picture: ©

The Romanian oil industry is affected by a substantial tax increase. Above all, the Romanian government has its sight on OMV´s subsidiary Petrom. Oil companies were obliged to choose between a “voluntary” increase of the mining royalty or the impose of an extraordinary tax. The extraordinary tax is justified with “extraordinary profits”. In contrast to its competitors Lukoil,…