ECONOMY FINANCE&BANKING

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.”

 

Related posts

Freighters to give up on Thursday’s protest. Premier promises to freeze RCA, ASF says it lacks prerogatives

Nine O' Clock

Mayor Firea opens Piata Sudului underpass, reports savings of 1.2 million euros

Nine O' Clock

FinMin official: We are experienced in selling assets to strategic investors; 90 percent failures

Nine O' Clock

Leave a Comment