The Finance Ministry is preparing three drafts for this summer, aimed at modifying the fiscal legislation. It is about an ordinance on the global income tax, an ordinance regulating the fiscal consultant profession, as well as an ordinance to turn the agricultural income tax into farming land tax, Cornelia Petreanu, head of the fiscal policy and legislation department within the Finance Ministry, told Ziarul Financiar.
The normative acts will be passed under the law authorising the Government to issue ordinances during parliamentary holiday.
"The Government was authorised to pass ordinances to modify the fiscal legislation and we will try to ease some of the tensions created by causes we were unable to fully anticipate," Cornelia Petreanu said.
She says the ordinance on global income tax, in effect as of next year, will be another small step towards fiscal reform and will bring some relaxation in the field.
"Incentives are the worst enemy. We want to lower the top of the pyramid, we want to level the fiscal burden, but the pressures to grant incentives prevent us from carrying things through," Cornelia Petreanu specified.
State secretary Gheorghe Oana said the ordinance text had already been discussed by the Government and was to be enacted soon, especially since the IMF itself had agreed to the amendments to Ordinance 73/1999.
The new ordinance will consider the social agreement signed by the Government and the unions, modifying the system by which income categories subject to taxation are updated according to inflation.
At present, the income categories are updated every six months, but the updating period will be reduced to three months only. "We will cut the semester in September and proceed to a quarterly update," Cornelia Petreanu said.
The Finance Ministry is also planning to "readjust" the income categories subject to taxation and reduce the taxation quotas to 15% (the minimum quota) and 35% (the maximum quota) respectively.
At the same time, new regulations on producing and marketing alcohol in line with the European Union legislation are scheduled to come into effect next year.
"We will maintain monopoly on alcohol, but we will introduce another type of fiscal supervision," says Gheorghe Oana, state secretary within the Finance Ministry.
According to the new norms, the retail prices will not be regulated, while the duties will be set without taking the prices into account, as it is currently done for cigarettes.
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