About 2% Of Romanian Contributors To Be Targeted By Tax On High Wealth - Minister

Romanian authorities’ plan to collect taxes on high wealth will target about 1-2% of contributors, Finance Minister Gheorghe Ialomitianu said Monday, adding that fiscal authority ANAF will set up several departments tasked with checking high wealth individuals.

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The minister said recently the Government will establish a workgroup that will set the procedures to tax undeclared income and will ask the World Bank to help it draw up the measure's application norms.

The Government decided last year that individuals whose real income exceeds their declared income by at least 50,000 lei (EUR1=RON4.2643) will pay 16% of the difference as tax.

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