The deductions from the personal income tax for 2025 are projected to reach 3.393,6 billion lei, by 381.6 million lei more than the amount planned for 2024, due to the 12.7% increase in the labor remuneration fund, shows the draft budgetary-fiscal policy for next year. This also indicates a 10% increase in personal exemptions and exemptions for dependent persons, IPN reports.

"The personal income tax forecast includes the fiscal policy measures to increase personal exemptions and exemptions for dependent persons by 10% (impact -183 million lei) and the impact of the elimination of exemptions on income obtained by private individuals from the sale of ferrous metal waste (+105.0 million lei)," says the draft.

The Ministry of Finance estimates that the receipts from the income tax of legal entities will amount to 9.506.0 billion lei, up 8.7% or 761.0 million lei compared to 2024.

Starting with January 1, 2025, the general tax regime for companies operating in the ferrous metals trade sector will be implemented.

Among the fiscal and customs policy measures for 2025 are also the non-taxing of the income of resident individuals in the form of interest on state securities and bonds issued by local public authorities (impact - 7 million lei) and the exemption from paying the tax on the income of private individuals from the sale of renewable energy (impact - 1 million lei);

The draft also allows to deduct expenses incurred for the benefit of trainee students or students based on relations regulated by the Education Code or the Law on Dual Education.