Taxation norms for H2 not ready

The norms for taxing pension and salary-related incomes, presented by a central daily as “the new monthly norms for tax levying,” to be enforced starting July 1, have not been approved by the Finance Ministry, sources within the ministry told Ziarul Financiar.

They said it was actually about a “technical draft” discussed with the unions. A new meeting with union representatives was reportedly scheduled for yesterday. “The taxation quotas are accurate, but the income categories are not,” the quoted sources say.

A new update of the income categories is currently drafted. The income categories have to be updated no later than next month, as the law stipulates that the taxation norms in effect in H2 have to be adjusted according to the inflation.