It looks like the bill for the expected tax increase has been changed. Profit.ro presented a modified version initial project. Note that we are still talking about the draft, that is, the working version, which was effective on August 18.

Some things have stayed the same and others have changed. According to our sources, this is also not the final option.

Taxation of micro-enterprises in the new edition

Proposed income tax rates for micro-enterprises:

• 1%, for those whose income does not exceed 60,000 euros inclusive

• 3% for micro-enterprises that:

1. earns more than EUR 60,000 or

2. carries out activities, main or auxiliary, corresponding to CAEN codes: 5821 – Publishing of computer games, 5829 – Publishing of other software products, 6201 – Creation of custom software (customer-oriented software), 6209 – Other information- technological services activities, 5610 – Restaurants, 5621 – Catering (service) for events, 5629 – Other catering services, n.e.s. assistance, 8622 – Activities of specialized medical care, 8623 – Activities of dental care, 8690 – Other activities related to human health.

In a situation where during a financial year any of the associated persons/shareholders of a micro-enterprise owns, directly or indirectly, more than 25% of the value/number of shares of other micro-enterprises, they must identify the micro-enterprises exempted from income tax.

IMPORTANT: Advance payment for the fourth quarter of the accounting year

For the IV quarter of the tax year 2023 and subsequent tax years from January 1, 2024 to December 31, 2026, the taxpayer declares and pays an advance payment to the account of the income tax of the micro-enterprise, taking into account the elements that make up the taxation base for the months of October and November, and in accounting elements that make up the tax base related to December take into account the tax base related to November.

The advance payment for the IV quarter is declared and paid by December 25, 2023/December 25 of the calculation year from the period of application of this article after the completion of the calculation of the income tax of micro-enterprises for the IV quarter. is carried out before the deadline for submitting a declaration on the income of micro-entrepreneurs.

Taxation of IT specialists in the amount of more than 10,000 lei / Construction and agricultural workers will pay CASS

Income tax exemption will apply to one employer for gross monthly income up to and including 10,000 lei, received from wages and equal to the wages received by an individual on the basis of a single individual employment contract, service report, act of delegation

or business trip or special status provided by law, based on a choice expressed in writing through a self-declaration submitted to the employer/payer, as the case may be.

The part of monthly gross income exceeding 10,000 lei does not benefit from tax benefits.

The project also provides for restrictions on construction and food industry facilities in the sense that they will pay KAS.

Government bond interest: taxable / stock market gains, tax 0.5-1.5%.

The project also provides for taxation of interest on government securities at a rate of 10%.

“For interest income, tax is accrued and withheld at the time of payment

interest by entities authorized by law to sell, collect subscriptions and make payments related to these government debt instruments,” the document states. page

Payment of income tax in the form of interest is made up to and including the 25th of the month following the month in which they are withheld. The tax is paid to the state budget.

As for the capital market, the tax has been changed, now it is around 1-3%. According to the project:

• A fee of 0.5% will be charged to those who hold their shares for more than a year

• A rate of 1.5% will be applied to those who sell them sooner than 1 year.

The news is updated