The size of the non-taxable income for private individuals this year will be 29,640 lei, as against 27,852 lei in 2014. The personal exemption will also rise, from 9,516 to 10,128 lei, while the exemption from maintained persons will grow from 2,124 to 2,256 lei. The Government approved the budgetary-fiscal policy for 2015 in its April 3 meeting, IPN reports.
As regards VAT, the reduced quota of 8% will be used only in the case of growers and importers or living animals intended for reproduction, of fruit, vegetables and grains. The economic entities can voluntarily register as VAT taxpayers if they intend to provide taxable supplies of goods and services.
Other modifications increase the excises on filter cigarettes from 75 lei + 24% to 200 lei +18% so that these are gradually adjusted to the levels existing in the countries of the region. The excises on gasoline, diesel fuel natural and liquefied petroleum gas will also grow, but on crude oil will decrease. The road tax will rise by 50%.
