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October 27, 2020

Finance Minister wants tax dodgers to face 7 years in prison

Finance Minister Eugen Teodorovici proposes prison sentences for debtors, both natural and legal persons, according to a bill tabled in the Senate last Friday.

“The billing and non-payment, receipt and non-payment, non-billing or non-payment of the taxes and/or contributions listed in the addendum to this bill, within a period of 30 days from the payment deadline stipulated by law, represents an offence punishable by 1 to 6 years in prison,” reads the document tabled in the Senate on Friday.

The taxes listed in the Addendum, whose non-payment should be punishable by prison time according to the bill, are the following:

Tax on dividends;

Tax on income derived from independent activities;

Tax on income derived from intellectual property rights;

Tax on income derived from salaries and assimilated to salaries;

Tax on income derived from lease;

Tax on income in the form of interest;

Tax on income in the form of dividends;

Tax on taxable income obtained from liquidating a legal person or diminishing its capital;

Tax on income derived from pensions;

Tax on income derived from prizes and gambling;

Tax on income derived from other sources;

Tax on income obtained by a natural person from an association between a natural person and a legal person, registered as taxpayer in line with Title II and Title III of the Fiscal Code

Social security contribution;

Health insurance contribution;

Tax on income that non-residents obtain from Romania;

Tax owed for income derived from the transfer of real-estate assets from personal patrimony;

Contribution to the Environment Fund.

According to the bill tabled by Teodorovici, “the taxpayer establishing in ill faith the level of taxes, fees or contributions owed, thus obtaining, without a right to do so, sums of money in the form of tax reimbursements, tax returns, or compensations from the general consolidated budget, represents an offence and is punishable by 2 to 7 years in prison and the suspension of certain rights.”


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