Before the political round, the Social Democrats want to update the government’s program and propose a modification of the fiscal policy to the coalition partners. In PSD’s vision, which was not discussed with PNL and UDMR, they want, among other things, the introduction of a solidarity tax for large companies, as well as a reduction of labor taxation for salaries up to 3,000 lei.

Social Democratic sources told HotNews.ro that dividend taxation remains unchanged at the current rate of 8%, but they want changes to the taxation of labor and large companies.

Measures discussed in the PSD:

• 1% tax on turnover over 100 million lei for large companies with the possibility of paying income tax of 16% (but not less than 1% of turnover)
• reduction of labor tax. At the first stage, for salaries up to 3,000 lei net with a percentage reduction of 15% from 47.5% of the gross salary, which comes to the state through taxes and contributions. The reduction of labor taxation will take place gradually until 2030.
• state subsidization of the purchase of photovoltaic panels with priority for schools, hospitals and government institutions. The government and local authorities would have funds from European funds and national programs for such investments
• Reduction of VAT on basic food products with the conditions of retailers not to increase the prices of basic products.

It should be noted that the PSD wants to introduce a 1% sales tax for large companies this year and that the tax collection could continue until 2024.

The discussions in the PSD took place in the context of a meeting of the PSD leadership with the leaders of the territory, which took place last weekend in Sinai.

The PNL does not agree with PSD’s fiscal proposals, and Liberal spokesman Jonutz Stroe emphasized this in a press statement.

“From our point of view, it is premature to talk about other changes to the Fiscal Code, especially since there is practically no assessment or concrete results of already adopted measures in the new Fiscal Code. Two in hand: let no one think that the rotation within the coalition will change the government or the government program. There is no agenda of a certain political party that will be implemented, there is a common denominator, namely the guiding program that we all agreed and agreed to, and we will implement it,” Ionuts Stroe said.

• Colacu insists on wealth taxation: I firmly believe that Romania needs a solidarity tax

The topic of the solidarity tax was launched by the PSD back in 2021, when it entered the government together with the PNL. In June of last year, PSD revived this topic and insisted in the Coalition on the introduction of a solidarity tax for large companies.

At that time, the PSD proposed in the coalition a percentage of 0.5% of the turnover of large companies, and the UDMR proposed a percentage of 1%, while the PNL rejected the introduction of this tax.