Prime Minister Marcel Čolaku on Wednesday asked the Ministry of Finance to determine the financial consequences of refusing to tax pensions in the amount of 2,000 to 3,000 lei. “I am waiting for the recommendation of the Ministry of Finance to see if we can afford, after the 13.8% increase and the recalculation from September 1, a tax exemption of up to 3,000 lei,” Çolaku said.

pensionersPhoto: Jan Wojtas / DPA / Profimedia

On Wednesday, the Prime Minister gave an explanation at the government meeting regarding all sorts of assumptions regarding the IMF visit and the pension situation.

  • “The recalculation of pensions will take place on the announced date, namely September 1. There are no more installments and other options.
  • In addition, I am asking the Ministry of Finance to come to me in the coming days regarding the impact of the increase in pensions from 2,000 to 3,000 lei.
  • As we well know, up to 2,000 lei pension is not taxed. Let’s see how from 2,000 to 3,000 lei this margin increases to 3,000 lei tax-free to see if we can afford it.
  • And I am waiting for the recommendation of the Ministry of Finance, if we can afford, after the 13.8% increase and the recalculation from September 1, to receive this tax exemption of up to 3,000 lei,” said Marcel Čolaku.

Labor Minister: More than 1.28 million Romanians have pensions between 2001 and 3000 lei / Sources: Impact of 2 billion lei per year

Speaking to HotNews.ro, Simona Bucura Oprescu said that more than 1.28 million Romanians who have pensions between 2,001 and 3,000 lei will be affected by this possible tax exemption.

Government sources told HotNews.ro that the financial impact would be approximately 2 billion lei per year.