Romanian Senate Introduces Special Income Tax Deductions For People With Low Income

Romanian senators Wednesday adopted a draft law amending the Fiscal Code, whereby people whose monthly gross income does not exceed 1,000 lei (EUR1=RON4.2394) will enjoy overall income tax deductions, depending on the number of people in their care.

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The amendment to the Fiscal Code was adopted with 44 to 33 votes.

People with no one in care will have a RON250 tax deduction, people attending to one person will enjoy a RON375 tax deduction and those with two people in care will have a RON500 tax deduction.

A RON625 and a RON750 tax deduction will be granted to Romanians with three people in care and four or more than four people in care, respectively.

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