Romania ditches solidarity tax on big salaries

The Romanian Government will most likely give up the planned solidarity tax, which was mentioned in the new governing program and would have been paid by people with high monthly wages. Prime Minister Mihai Tudose said on Tuesday, July 25, that this tax could be included in the “discussed and forgotten” category, reports local Hotnews.ro. According to the Prime Minister, the tax would have been “too much trouble.” The so-called solidarity tax appeared in the governing program of the new Government led by Mihai Tudose, alongside another controversial fiscal obligation – the tax on turnover. Last week,the Government also decided to give up the idea to establish the turnover tax. The solidarity tax was announced by finance minister Ionut Misa at the end of June. At that time, the minister said that the tax would apply only to those who earn monthly salaries above RON 14,500 (EUR 3,200). Both the solidarity tax and the tax on turnover triggered many negative reactions from the business community. PwC, EY: Romania’s announced solidarity tax will send IT experts away Irina Marica, irina.marica@romania-insider.com