Croco from Oneşti, known in particular for the production of biscuits and sticks, reported a profit margin last year, at a turnover of 278 million lei, while the American Mondelez company reported a profit margin to a total turnover of over 1.5 billion lei. Thus, Croco pays a tax on profit of about 15 million lei, while Mondelez pays cumulatively on two companies a tax on profit of about 17 million lei. What would happen if the world would have the same profit margin as Croco? The profit tax of Mondelez would be ten times higher, that is a total of over 170 million lei. Given that the income tax revenues are below expectations and the Government has introduced the minimum tax on the turnover precisely to combat from the «tax optimization», ie the transfer of profits to lower taxes, ZF has tried to see why a Romanian company reports a much larger profit margin than a foreign one. What taxes and taxes pay the companies Croco and Mondelez? Why do Croco and Mondelez report these profit margins? Do I make investments with a different value? Is this profit transfer? The two companies did not respond until the closing of the edition on how they managed to have these profit margins.
Also, ZF also sent a request to ANAF to see if the inspectors have any explanation for these profit margins so different, but also about the taxes and taxes paid by these two companies, but the institution did not send an answer until the edition closes. In eight of ten years Croco had a profit margin that exceeded 20%, while for Mondelez Romania Snack Production profit margin has passed 20% in two years – 2020 and 2021. «It matters a lot. The structure of expenses and depending on a certain profit margin. Marketing.
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