Staring with next year, the personal exemption provided to private individuals and the additional exemption could be increased by 5% – from 24,000 lei to 25,200 lei and, respectively, from 18,000 lei to 18,900 lei. The proposal is stipulated in the 2021 draft fiscal and customs policy bill that was proposed for public consultations by the Ministry of Finance, IPN reports.

It is also proposed increasing the exemption for maintained persons by 50% – from 3,000 lei to 4,500 lei. The measures are aimed at attenuating the impact of inflation on people’s incomes and at supporting the families with children.

In order to simplify the mechanism for taxing private individuals and for stimulating the employment of all the persons, it is suggested annulling the exemptions provided to the husband or wife in the amount of 11,280 lei by keeping the higher additional exemption.

According to the Ministry of Finance, the net budgetary impact of the proposed measure will be of 49.5 million lei.