The government approved an increase in the VAT rate for HoReCa to 20%, an increase in environmental pollution charges by 20%, a change in the taxation formula for food stamps, etc.
At a meeting on Friday, the government approved tax measures to ensure fiscal stability, which are a condition for resuming a program of cooperation with the IMF, as well as for resuming funding from the EU. The bill provides for the deprivation of persons with an annual income of more than 360 thousand lei of the right to personal exemption from income tax, which amounts to 24 thousand lei. Basic taxation will be applied for capital gains: 100% for legal entities and 5% for individuals; the amount of withholding income tax at the source of payment will increase from 7% to 12%. The project provides for the abolition of tax benefits for the HoReCa sector (hotels, restaurants, cafes) and an increase in the VAT rate for this industry from 10% to 20%. From the Tax Code will be excluded provisions, allowing to reduce the taxable income by 500 thousand lei when assessing income by indirect methods, and the amount of payment for environmental pollution from 2020 will increase by 20%. The ban on tax audits carried out in respect of economic agents for the period until January 1, 2018 will be lifted. According to the document, the regime of taxation of food stamps will change - they will withhold contributions to the social insurance fund (18% from the employer, 6% from employee). Individuals receiving international mail with goods worth more than 200 euros from legal entities will pay VAT, customs duties and excise taxes. As the Minister of Finance Natalia Gavrilita noted, these measures were initiated in order to resume funding from external partners, as well as to cover all social expenses budgeted for the current year. // 09.08.2019 — InfoMarket.