The University of Sydney-    Australian Digital Collections

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	6	7
Income from the renting of agricultural property:
Normal rate	7	7
Rate applicable to the income of properties belonging to orphans or of properties rented to peasants’ associations or co-operatives	6	7
Income from forests exploited or leased by their owners	8	7
Income from the felling of forests, except when the forests are legally destined therefor	15	7
Income from rural property belonging to persons living abroad 24	7

^{note note}

II. Tax on Income from Buildings

   

Normal rate	10	8
Rate applicable in the case of property belonging to persons living abroad	20	8

III. Tax on Income from Securities

                     

	State tax	Additional taxes1
	Percentage
Income from movable capital and assets assimilated thereto	16.50	3
Income from registered shares	13.2	3
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	5	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	6
Profits exclusively industrial	8	6
Profits of banks and credit institutions	12	6

^{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	1	—
14	15	1.50	—
15	16	2.	0.50
16	18	2.50	1
18	20	3	1.50
20	22	4	2
22	25	5	2.50
25	30	6	3
30	35	7	3.50
35	40	8	4
40	45	9	4.50
45	50	10	5
50	60	11	6
60	70	12	7
70	80	13	8
80	90	14	9
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	4	Nil
Salaries exceeding 4,000 lei per month	8	Nil

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

     

Income from liberal professions	8	4
Income from other professions	6	4
Income from literary, artistic, scientific, etc., works	5	4

^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	1	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	2	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	4	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	9	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.