Fiscal Politics
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- Category: Politics
- Date Submitted: 01/29/2010 01:33 AM
- Pages: 7
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Settlement framework
The new fiscal alteration will be applied in May 2009- December 2010 and sets out that the firms which record profit will pay a contribution of 16%, but not less than the minimal limit of the business turn-over in which it fits. Other fiscal alterations concern the following:
• The pinching of the TVA deductibility when cars and fuel is being bought, which will gain perquisite to the budget up to 348 mil. Lei plus approximately 355 mil. Lei (86 mil. Euro).
The IMM taxing grid, included in “Ordonanta de urgenta” which concerns the budget rectification in 2009 is shown above:
Total anual income | minimal anual tax
(lei) (lei)
+--------------------------------------+---------------------------------------+
0-52.000 | 2.200
52.001-215.000 | 4.300
+--------------------------------------+---------------------------------------+
|215.001-430.000 | 6.500
+--------------------------------------+---------------------------------------+
|430.001-4.300.000 | 8.600
+--------------------------------------+---------------------------------------+
|4.300.001-21.500.000 | 11.000
+--------------------------------------+---------------------------------------+
|21.500.001-129.000.000 | 22.000
+--------------------------------------+---------------------------------------+
|Peste 129.000.001 | 43.000
+--------------------------------------+---------------------------------------+
Source: Og 34/2009 Monitorul Oficial nr. 249 din 14/04/2009:
Other fiscal alterations:...
The new fiscal alteration will be applied in May 2009- December 2010 and sets out that the firms which record profit will pay a contribution of 16%, but not less than the minimal limit of the business turn-over in which it fits. Other fiscal alterations concern the following:
• The pinching of the TVA deductibility when cars and fuel is being bought, which will gain perquisite to the budget up to 348 mil. Lei plus approximately 355 mil. Lei (86 mil. Euro).
The IMM taxing grid, included in “Ordonanta de urgenta” which concerns the budget rectification in 2009 is shown above:
Total anual income | minimal anual tax
(lei) (lei)
+--------------------------------------+---------------------------------------+
0-52.000 | 2.200
52.001-215.000 | 4.300
+--------------------------------------+---------------------------------------+
|215.001-430.000 | 6.500
+--------------------------------------+---------------------------------------+
|430.001-4.300.000 | 8.600
+--------------------------------------+---------------------------------------+
|4.300.001-21.500.000 | 11.000
+--------------------------------------+---------------------------------------+
|21.500.001-129.000.000 | 22.000
+--------------------------------------+---------------------------------------+
|Peste 129.000.001 | 43.000
+--------------------------------------+---------------------------------------+
Source: Og 34/2009 Monitorul Oficial nr. 249 din 14/04/2009:
Other fiscal alterations:...