The tax changes, included in the second package for which the government has assumed responsibility, mark a significant change in the tax regime applicable to individuals, especially with regard to investment income and high-value assets. The proposed provisions show a trend towards a return to 16% taxation from the 10% introduced in 2018. For the time being, the rate increase targets investment income (except interest income for which the 10% rate remains applicable) and income from the transfer of virtual currency. The return to the 16% tax rate for dividends, gains from the transfer of securities, derivatives and virtual currency will lead to an increase in the tax burden for investors. In addition, the increase in the tax on high-value immovable and movable assets, combined with the adjustment of the tax base, will significantly expand the number of taxpayers affected. In this context, it is essential for individuals to reassess their investment structure and asset portfolio in order to anticipate and effectively manage the tax impact of the new regulations.
For more information, please see the Romanian version of the article, here.
