Ascultă Radio România Actualitaţi Live

The government has adopted a number of amendments to the Fiscal Code

The government has adopted a number of amendments to the Fiscal Code

Articol de Florin Lepădatu, 15 Iulie 2022, 21:51

RADIO ROMANIA NEWS - The Government has adopted a series of amendments to the Fiscal Code which, partly, will enter into force on August 1, and another part from January 1, next year.

A novelty is the additional deductions for young people up to 26 years old and for families with dependent children.

Details are provided by RRA editor Andrei Serban: “People with a salary of up to 4.550 lei will now benefit from deductions, and the amendment to the Fiscal Code made today by the Government involves additional deductions for young people of age up to 26 years old and for those who have dependent children, as announced by the Minister of Finance, Adrian Caciu.

Adrian Caciu: “We have raised the ceiling for which Romanian employees benefit from deductions at 4.550 lei for those who have dependents and we have introduced additional deductions for those who are young, up to 26 years old or for families who have one dependent child, or two, or three. Depending on the number of children, an additional deduction of 100 lei per child is assured.”

Other amendments adopted to the Fiscal Code, in the field of HoReCa, from January 1, 2023 - companies will be able to opt for turnover tax and profit tax. The tax on reinvested profits is also eliminated for the processing and production area, the VAT increases from 5 to 9% for restaurants, hotels and catering. For sweet drinks the VAT increases from 9 to 19 percent. In construction and in the food industry, the fiscal facilities are granted for salaries of up to 10.000 lei and not up to 30.000 lei, as it is now, and from next month the excise duties on alcohol and tobacco will increase. It also increases the dividend tax from 5 to 8 percent."

Translated by: Radu Matei

Etichete : government fiscal code
"Life Detector" campaign continues
News in English 04 Martie 2025, 02:57

"Life Detector" campaign continues

The "Life Detector" campaign continues in 2025 in Neamt County, part of the "Together for Safety" program...

"Life Detector" campaign continues
2024 Review: European Public Prosecutor's Office investigated fraud worth almost €25 billion
News in English 03 Martie 2025, 16:31

2024 Review: European Public Prosecutor's Office investigated fraud worth almost €25 billion

The European Public Prosecutor's Office headed by Laura Kovesi carried out a total of 2.666 investigations in 2024,...

2024 Review: European Public Prosecutor's Office investigated fraud worth almost €25 billion
Calin Georgescu arrived at the District Court of Sector 1, where he lodged an appeal against the judicial control
News in English 03 Martie 2025, 16:30

Calin Georgescu arrived at the District Court of Sector 1, where he lodged an appeal against the judicial control

Calin Georgescu has arrived at the headquarters of the District Court of Sector 1, where he filed, a few days ago, an appeal...

Calin Georgescu arrived at the District Court of Sector 1, where he lodged an appeal against the judicial control
Ministry of National Defense: Possible drone fragments in Galati county
News in English 28 Februarie 2025, 19:44

Ministry of National Defense: Possible drone fragments in Galati county

Possible drone fragments were reported on Friday to 112 near the Giurgiulesti Border Crossing Point in Galati county, in an...

Ministry of National Defense: Possible drone fragments in Galati county
Timis: Outbreak of African swine fever at a company in Periam
News in English 28 Februarie 2025, 19:42

Timis: Outbreak of African swine fever at a company in Periam

An outbreak of African swine fever was confirmed on Friday in the county of Timis at a company in Periam. Local authorities...

Timis: Outbreak of African swine fever at a company in Periam
Ilie Bolojan: Romania will approve new financial and military support for Ukraine
News in English 28 Februarie 2025, 15:31

Ilie Bolojan: Romania will approve new financial and military support for Ukraine

Romania will probably approve next week, together with the other European countries, new financial and military support for...

Ilie Bolojan: Romania will approve new financial and military support for Ukraine
Toni Grebla has been dismissed as President of the Permanent Electoral Authority
News in English 28 Februarie 2025, 15:30

Toni Grebla has been dismissed as President of the Permanent Electoral Authority

The President of the Permanent Electoral Authority, Toni Grebla, was dismissed from his post in the plenary of the Parliament...

Toni Grebla has been dismissed as President of the Permanent Electoral Authority
President of France: Congratulations to the Romanian Police
News in English 28 Februarie 2025, 15:29

President of France: Congratulations to the Romanian Police

French President Emmanuel Macron sent a personal message to Romanian Interior Minister Catalin Predoiu congratulating him on...

President of France: Congratulations to the Romanian Police