The Chamber of Deputies’ Budget and Finance Commission increased the tax deductions for health insurance and voluntary pensions from EUR 1,300 to EUR 1,600 per year, said social-democrat MP Aurelia Cristea, member of the Budget and Finance Commission.

The deductions for health insurance went up from EUR 250 to EUR 400 per year both for the employer and the employee, whereas the deduction for voluntary pensions also increased to EUR 400 both for the employer and the employee, reports local Mediafax.

The Budget and Finance Commission approved the measures in the new Fiscal Code. The provision doesn’t include life insurance, because the categories that may be deductible are not well defined.

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