The Commission on Economy, Budget and Finance reviewed the draft fiscal policy for 2022.
The document is to be approved by the parliament in the first reading. As explained by the head of the Ministry of Finance Dumitru Budianschi, many proposals of civil society within the framework of this bill could not be supported, but during public consultations it was agreed that they would be considered in the first half of 2022. According to the bill, in 2022 the amount of personal exemption for individuals with incomes of up to 360 thousand lei - from 25.2 thousand to 27 thousand lei; the amount of additional and increased exemptions will increase - from 18.9 thousand to 19.8 thousand lei, the amount of exemption for dependents - from 4.5 thousand to 9 thousand lei per year. The minimum wage for public sector employees will increase from 2200 to 3100 lei. From January 1, 2022, it is proposed to increase from 12% to 18% the rate of income tax withheld at the source of payment on winnings in gambling (except for winnings in lotteries and / or sports betting in the part in which the amount of each winnings does not exceed 1% personal release). The project will increase the amount of excise taxes on other cigars, cigarillos and cigarettes containing tobacco substitutes, as well as cigars, cropped cigars and cigarillos containing tobacco. In 2022, the amount of excise taxes on these goods will amount to 41% of their value in lei, but not less than 959 lei, and in 2023 - 41% of their value in lei, but not less than 1103 lei (currently in 2021 - 2023 for this category of tobacco products the excise rate is 41%). In addition, from next year it is proposed to introduce an excise tax on cartridges and sticks for electronic cigarettes; preparations for use in cartridges and sticks for electronic cigarettes: in 2022 the excise rate will be 1957 lei per liter, in 2023 - 2055 lei per liter. According to the bill, the marginal rates of local taxes will be abolished, while the term "local tax rate" is clarified - the ad valorem rate as a percentage of the taxable base of the taxable object or in an absolute amount, established by the local public administration authorities when approving the budget of the corresponding administrative-territorial unit. In addition, from January 1, 2022, all revenues from road use fees will be transferred to local budgets (currently, according to the Law on Local Public Finance, only 50% is transferred to local budgets). From 2022, the levy for the provision of mobile services (the so-called luxury tax) in the amount of 2.5% of sales revenue related to these services will be abolished; the exemption from withholding income tax on the purchase of scrap metal, paper, plastic will be canceled; the tax regime of water users associations for irrigation will be improved; the methodology for calculating depreciation for residents of IT parks will change; the tax regime of income received by the administration of IT-parks is being clarified, etc. // 24.11.2021 — InfoMarket.
