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Annex

TABLE OF TARIFFS

I. Tax on Income from Agricultural Property

                 
State tax1  Additional taxes2 
Percentage 
Income from agricultural property and assimilated thereto, worked by the owner 
Income from the renting of agricultural property: 
Normal rate 
Rate applicable to the income of properties belonging to orphans or of properties rented to peasants’ associations or co-operatives 
Income from forests exploited or leased by their owners 
Income from the felling of forests, except when the forests are legally destined therefor  15 
Income from rural property belonging to persons living abroad 24 
note note

II. Tax on Income from Buildings

   
Normal rate  10 
Rate applicable in the case of property belonging to persons living abroad  20 

III. Tax on Income from Securities

                     
State tax  Additional taxes1 
Percentage 
Income from movable capital and assets assimilated thereto  16.50 
Income from registered shares  13.2 
Interest on bank deposits at three months or less  11  Nil 
Deposits at more than three months  5.5  Nil 
Income from deposits belonging to foreigners with Roumanian banks  Nil 
Income from mortgage bonds or bonds issued by the “Cheap Housing Society”: 
When the rate of interest amounts to 5 per cent  8.8  Nil 
When the rate of interest amounts to 10 per cent  5.5  Nil 
Annuities on eviction indemnities  5.5  Nil 

IV. Tax on Industrial and Commercial Income

1. Elementary tax.2

     
Industrial and commercial profits  10 
Profits exclusively industrial 
Profits of banks and credit institutions  12 
note note

2. Complementary Tax

                                                             
Rate of the yield of the taxed enterprise (percentage in relation to the assets employed in the business)  Rate of tax applicable to the total taxable profits 
Between  And  In the case of share companies1  In the case of individuals2 
10  12  0.50  — 
12  13  0.75  — 
13  14  — 
14  15  1.50  — 
15  16  2.  0.50 
16  18  2.50 
18  20  1.50 
20  22 
22  25  2.50 
25  30 
30  35  3.50 
35  40 
40  45  4.50 
45  50  10 
50  60  11 
60  70  12 
70  80  13 
80  90  14 
90  100  15  10 
100  120  16  11 
120  160  17  12 
160  200  18  13 
200  250  19  14 
250  300  20  15 
300  350  21  16 
350  400  22  17 
400  450  23  18 
450  500  24  19 
Over 500  25  20 
note note

V. Tax on Salaries and Wages

       
State tax  Additional taxes1 
Amount of the taxable remuneration  Percentage 
Salaries not exceeding 4,000 lei per month  Nil 
Salaries exceeding 4,000 lei per month  Nil 

VI. Tax on Income from Professions and Occupations not subject to Other Taxes

     
Income from liberal professions 
Income from other professions 
Income from literary, artistic, scientific, etc., works 
note

VII. Graduated Tax on Total Income2

note                                                  
Taxable income  Tax corresponding to the first figure of the “income” column  Tax applicable to the portion of income included between the two figures of the “income” column 
Between  And 
(000’s omitted)  (000’s omitted)  Percentage  (In lei)  (In lei)  For each whole amount of (In lei) 
10  20  200  15  1,000 
20  30  1.166  350  15  1,000 
30  40  1.25  500  15  1,000 
40  60  1.60  960  23  1,000 
60  80  1,600  64  2,000 
80  100  2.50  2,500  90  2,000 
100  150  3.25  4,875  237.50  5,000 
150  200  8,000  312,50  5,000 
200  300  6.25  18,600  530  5,000 
300  400  7.60  30,400  590  5,000 
400  500  45,000  740  5,000 
500  600  10.50  63,000  900  5,000 
600  700  12  84,000  1,050  5,000 
700  800  13  104,000  2,000  10,000 
800  1,000  14.40  144,000  2,000  10,000 
1,000  1,500  16.80  252,000  4,320  20,000 
1,500  2,000  18.00  360,000  4,320  20,000 
2,000  3,000  19.20  576,000  10,600  50,000 
3,000  4,000  20.40  816,000  12,000  50,000 
4,000  6,000  21.60  1,296,000  12,000  50,000 
6,000  8,000  22.80  1,824,000  13,200  50,000 
8,000  10,000  24  2,440,000  14,400  50,000 

Over 10,000,000, 36 per cent of the amount in excess of 10,000,000 lei.

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