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Warning indicator in the fiscal inspection - on which incomes could individuals pay a 70% tax, undeclared incomes or incomes from unidentified sources?

Warning indicator in the fiscal inspection - on which incomes could individuals pay a 70% tax, undeclared incomes or incomes from unidentified sources?

Opinion material by Catalin Barbu, Manager, Income Taxation, Deloitte Romania, and Razvan Bratila, Managing Associate, Reff & Asociatii | Deloitte Legal

The provisions of the regulation that introduce 70% taxation on undeclared income, obtained by natural persons from unidentified sources, leave room for a series of interpretations, of which the determination of the meaning of the phrase "income whose source has not been identified" is particularly important.

For more information, please see the Romanian version of the article, here.

 

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DELOITTE CONSULTANTA SRL