Chaos seems to reign in the heads of the PSD-PNL coalition, that is, those who want to raise taxes. More recently, the option of taxing interest on government securities was considered, which would no longer make them attractive. We are talking about the well-known 10% income tax.

It first appeared in a draft effective August 18, and was confirmed by Finance Minister Marcel Bolosh on Tuesday evening.

He noted that such a measure will be “as a supplement to the sources of income, because we have to cover 47 billion lei.”

He also told Digi24 that this will apply to titles issued from now on and will not be applied retroactively.

“We still have to analyze at the level of the Ministry of Finance, because we don’t have one, it wants to increase the cost of financing and actually to get to the point where we want to collect revenues, pay more costs of financing,” he said.

He seems to understand that such a measure can negatively affect the state. Simply put, they should offer higher interest rates to make it profitable for Romanians to buy these securities.

In all the communiques of recent years, the ministry has boasted that the great advantage is that the titles are not taxed.

At the moment, the state has a treasury in progress with interest of 6.3 – 7.2%/year for 1-3 years.

For 1000 lei invested, the profit is 63-72 lei/year, and if the income tax were to be applied, it would be 56.7-64.8 lei per year.

According to the Finzoom.ro calculator, currently the best bank interest rates are 7-8.5%, and after paying income tax and commissions, the profit on this amount is 32-72.4 lei.

*Depends on the selected offer

The disadvantage of deposits is large sums of tens of thousands of euros (the equivalent of lei), because if the profit from interest exceeds 6 minimum salaries, then you will also have to pay CASS, that is, submit a Unified Declaration.