Romanian trade union federation BNS expects 13% income tax rate from 2025
<p>The income tax rate may increase from 10% currently to 13% in 2025, according to estimates of trade union federation BNS based on the medium-term fiscal consolidation plan drafted by the government that envisages 1.1%-of-GDP advance of the revenues from income taxation.</p>

<p>The most plausible scenario for reducing the deficit could include, among other measures, increasing&nbsp;the income tax from 10% to 13%, according to BNS representatives quoted by <a href="https://cursdeguvernare.ro/impozit-pe-venit-art-putea-creste-13-pentru-reducere-deficit.html?mc_cid=f9dc87a9b2&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Cursdeguvernare.ro</a>.</p>

<p>"The additional revenues of 1.1% of GDP in 2025 are expected to be obtained from the income tax. The&nbsp;income tax collected [currently] in a fiscal year represents approximately 2.6 - 2.8% of GDP. An increase of 1.1 percentage points in GDP means an increase in income tax revenues of approximately 40%," explained BNS.</p>

<p><em>iulian@romania-insider.com</em></p>

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