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Bucharest
September 27, 2021
BUSINESS

Deputies adopt OUG 58/2010 on the VAT increase

The plenum of the Chamber of Deputies adopted yesterday the draft Law that approves Emergency Ordinance (OUG) 58/2010 which increased the VAT from 19 pc to 24 pc. The decision was made with 172 votes to 48, and 3 abstentions. The draft law was put on the agenda at the beginning of the day’s session, at the proposal of PDL group leader Mircea Toader. The vice-president of the Budget and Finance Committee, Democrat-Liberal Adrian Nitu, explained that the law also increases from 10 pc to 16 pc the tax paid by legal entities for incomes from dividends, and includes nursery and holiday vouchers, along with compensation payments, in the broad category of salary incomes subject to tax. The law also instates a 16 pc tax on the incomes resulting from interests, while enacting the obligation to pay welfare, health and unemployment contributions for all professional incomes, other than salaries. Following a proposal made by the speaker of the Chamber of Deputies, Roberta Anastase, the plenum postponed to Thursday the debates on the law which approves OUG 50/2010 – the much disputed act that regulates consumer loans.

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